Meridian Boss Built Hospital Empire; 5 lessons

March 11, 2016

WALL – John K. Lloyd arrived at Jersey Shore Medical Center – Fitkin Hospital in Neptune in 1982, and it was a mess.

The medical staff had delivered votes of no confidence in the administration. The hospital faced fines from the state health department for not having adequate staffing. And the company had so little money that you could picture executives writing a check and asking a vendor to wait a few days before cashing it.

Why take over a hospital like that? “I couldn’t make it any worse,” Lloyd said.

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