Ousted CEO Sarian Relinquishes Control of 5 Florida Hospitals

Healthcare Systems of America-Florida and its founder and former CEO Mike Sarian have settled two Miami-Dade County lawsuits that accused him of financial misconduct, including an allegation that at least $14 million was diverted from HSA corporate accounts. Under the settlement, filed as a joint stipulation on Oct. 29 dismissing all claims with prejudice, Sarian gives up all ownership and control rights to HSA's five Florida hospitals: Palmetto General Hospital, Coral Gables Hospital, Florida Medical Center, North Shore Medical Center and Hialeah Hospital. Faisal Gill, Sarian's former general counsel, will remain CEO of HSA Florida. Separate litigation involving Sarian in California and payroll problems at two AHS-affiliated Illinois hospitals remain ongoing.