Steve Massini, chief executive officer of Penn State Health, has announced his upcoming retirement.
Massini became chief executive officer in 2019 and is the first Penn State alumnus to lead the University’s health system. He will retire Oct. 1, Penn State Health said Thursday in a press release.
“Steve is an incredibly talented executive and wonderful individual who has served Penn State Health with great distinction,” Penn State President Neeli Bendapudi said in the release. “He has been a transformational leader, driving expansion of the health system’s clinical presence across central Pennsylvania and the development of innovative partnerships, including our continued collaboration with Highmark Health.”
Massini joined Penn State Health in 2015, originally serving as chief financial officer for Milton S. Hershey Medical Center.
In 2016, he was promoted to executive vice president, chief financial officer and chief administrative officer of Penn State Health before eventually being named CEO.
He was a key architect of the health system’s partnership with Highmark, announced in December 2017, which led to a shared $1 billion investment in the growth of Penn State Health, the development of innovative insurance products and a $25 million investment in research at Penn State, Penn State Health said.
Among the highlights of Massini’s tenure is the continued development of Penn State Health into a broad, regional university health system. The system’s strategy strives to bring Penn State Health clinical services closer to where patients live and work.
To deliver on this promise, Massini oversaw Penn State Health’s development of two new hospitals, Hampden Medical Center, Cumberland County, opened in 2021, and Lancaster Medical Center, Lancaster County, opened in 2022.
He also led the acquisition of Camp Hill-based Holy Spirit Medical Center in November 2020 and the Pennsylvania Psychiatric Institute in 2023.
Massini played an integral role in aquisitions that expanded Penn State Health’s clinical services, including Berks Cardiology, Andrews Patel Hematology/Oncology and the Lancaster-based Physicians Alliance, LTD, according to Penn State Health.
In addition, he oversaw the development of 18 new Penn State Health Medical Group practices in Berks, Cumberland, Dauphin, Lancaster and York counties.
“Steve has provided calm and steady leadership during a period of great change in the health care landscape of Pennsylvania and the industry overall,” Penn State Health Board Chair and Emeritus Penn State University Trustee Keith Masser said in the release. “In the face of challenges ranging from the COVID-19 pandemic to increased market consolidation, he always stayed focused on meeting the needs of the community.”
Massini has served on numerous community and professional boards during his tenure as CEO, including the United Way of the Capital Region, Hospice of Central PA, Harrisburg Regional Chamber and CREDC, and the Hospital and Healthsystem Association of Pennsylvania.
“I am incredibly grateful and blessed to have had the opportunity to serve Penn State Health and Penn State University, especially in my role as CEO,” Massini said in the release. “Over 40 years ago when I met my wife at the first day of orientation at the Penn State Dubois campus, I could never have imagined the opportunities — both professionally and personally — that being part of the Penn State family would provide.”
Massini and his wife Shari intend to spend much of his retirement sharing more time with family, including entertaining their four grandchildren.
In the coming weeks, Bendapudi will announce plans and next steps for the leadership transition.
Source: Berkshire mont
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