The newly merged Central DuPage Health-Delnor Health System last week announced the appointment of Brett Tande to be its vice president and treasurer. He left the private sector where he was a health care banker to join the new system this past spring.
Tande had worked at Morgan Stanley since 2004. He had previously worked at Raymond James & Associates Inc.
“This was a great opportunity,” he said. “I have worked with Central DuPage as a client for some time and respect the team here.”
Tande will manage all treasury operations, including banking, credit, investments and capital markets. He will also evaluate strategic initiatives.
The two hospitals, which serve the western and northwestern suburbs of Chicago, closed on their merger at the end of March. Fiscal details were not disclosed.
Delnor is a 159-bed system based in Geneva. Central DuPage Health’s main facility is the 313-bed Central DuPage Hospital in Winfield. Combined, the two systems carry a total of $608 million of debt.
Central DuPage carries current ratings of AA from Fitch Ratings and Standard & Poor’s while Delnor is rated A by Standard & Poor’s.