Nick Barto has been named to the newly created position of senior vice president, capital finance, at Catholic Health Initiatives, the nation’s third-largest faith-based health system.
Barto joined CHI in September 2012 as managing director of the organization’s Venture Capital Group, providing strategic leadership in investments, mergers and acquisitions and alternative financial strategies. In his new role, Barto will oversee financial planning and analysis, venture capital, treasury and corporate finance.
The position, which combines current responsibilities in venture-capital operations with additional functions in key areas of finance, will ensure consistency and effectiveness in CHI’s long-range financial plans and growth strategies.
Previously, Barto served as senior vice president of financial planning and analysis for Novant Health, Inc., a $4 billion integrated health system, where he was responsible for planning and capital deployment during a time of rapid growth and change.
“Nick has consistently demonstrated the ability to translate vision into action and the skill to successfully navigate complex capital and financial markets,” said Dean Swindle, CHI’s executive vice president, business services and chief financial officer. “We are excited to apply Nick’s strengths and experience in leading several key financial functions.”
About Catholic Health Initiatives: Catholic Health Initiatives is a national nonprofit health system with headquarters in Englewood, Colo. The faith-based system operates in 17 states and includes 80 hospitals; 40 long-term care, assisted- and residential-living facilities; two community health-services organizations; two accredited nursing colleges; and home health agencies. Currently, CHI ranks as the nation’s third-largest faith-based health system, with annual operating revenues of $10.7 billion and approximately 78,500 employees. In fiscal year 2012, CHI provided more than $715 million in charity care and community benefit, including services for the poor, free clinics, education and research.