Providence leader departs
Rich Umbdenstock, longtime leader of Providence Services here, leaves Spokane this month to take a top job with the American Hospital Association.
His departure, to eventually head the national organization with 4,800 hospital members, is among several key management moves for the Catholic health care system that operates Sacred Heart Medical Center.
Skip Davis is no longer CEO of Sacred Heart, instead taking on more regional and corporate responsibilities within the larger Providence organization in the wake of the Providence Services merger with Seattle affiliate Providence Health System at the beginning of the year.
Mike Wilson is president of Sacred Heart and is in charge of the day-to-day operations of Spokane’s largest hospital.
Elaine Couture has been promoted to chief operating officer of Sacred Heart, while Peggy Mangiaracina, executive director of Sacred Heart Children’s Hospital, has been appointed vice president at Sacred Heart. Other changes include the naming of Bev Osborne as director of medical staff services for Sacred Heart; Helen Andrus as director of finance for Sacred Heart and Providence Health Care; and Patrick Clarry as vice president of human resources for Sacred Heart.
Spokane
Red Lion stock sale successful
Red Lion Hotels Corp. raised $64.3 million in a public stock offering, before underwriting expenses are deducted, the Spokane-based company announced Tuesday.
The company, which owns, leases, manages or franchises 61 hotels that mostly are located in the Western U.S., said it will use the money to retire debt and for general corporate purposes.
Red Lion sold 5 million shares of common stock at $11 per share. A group of shareholders sold about 635,000 more shares in the offering, but the money raised in that sale doesn’t go to Red Lion, the company said. In addition, underwriters of the stock offering exercised their option to purchase about 845,000 shares.
Post Falls
TriGeo wins software awards
A computer security tool developed by Post Falls-based TriGeo Network Security has won two impressive awards presented by industry publications.
The company’s Security Information Manager won a global excellence award presented by Info Security Products Guide, a major publication in the Silicon Valley covering the data-security industry. The same product also won SC Magazine’s “best of 2005 SIM” (security information management) award.
The TriGeo Security Information Manager is a hardware component targeted at small to mid-sized businesses, which identifies, notifies and responds to computer-network intrusions or security threats.