CommonSpirit CFO Retirement | Morissette to Step Down
- Daniel Morissette, chief financial officer for CommonSpirit Health, will retire oct.
- The CommonSpirit board of trustees has launched a nationwide search to find a new CFO.
- Before joining CommonSpirit,Morissette held positions at PriceWaterhouseCoopers,Chicago Medical School,the University of Toledo,and Stanford Health Care.
CommonSpirit Health will soon face a notable leadership transition: CFO daniel Morissette is set to retire on october 31st.This announcement, detailed in a recent securities filing, signals a crucial period for the health system, which is currently conducting a complete search for a new CFO. The incoming executive will step into their role to navigate demanding financial challenges. Morissette’s nearly decade-long tenure wiht CommonSpirit and its predecessor, Dignity health, underscores the importance of this transition. News Directory 3 is closely following the developments with CommonSpirit as the health system strives to enhance its operational performance amid rising labor and supply costs, as well as possible medicaid cuts. Discover what’s next …
CommonSpirit Health CFO Daniel Morissette to Retire in October
Updated June 13, 2025
Daniel Morissette, chief financial officer for CommonSpirit Health, will retire oct. 31, according to a securities filing. Morissette has been with CommonSpirit and its predecessor,Dignity Health,for nearly a decade.
The CommonSpirit board of trustees has launched a nationwide search to find a new CFO. The health system expects to have a replacement selected before Morissette departs in October. The new CFO will play a key role as CommonSpirit continues to focus on improving its operating performance and navigating financial challenges.
Before joining CommonSpirit,Morissette held positions at PriceWaterhouseCoopers,Chicago Medical School,the University of Toledo,and Stanford Health Care. He also serves as an advisor to LifePoint Health.
The health system reported a -2.5% operating margin for the three months ending March 31, an improvement from the -3.9% margin during the same period the previous year. CommonSpirit faces ongoing challenges,including elevated labor and supply costs,as well as potential Medicaid cuts.
“We’re very concerned about Medicaid cuts,” Morissette said during CommonSpirit’s May earnings call.”We, of course, have survived for many, many decades, and we’ll figure out a way to do it.”
what’s next
The selection of a new chief financial officer will be crucial for CommonSpirit health as it addresses financial headwinds and strives to improve its operating margin. The new CFO will be instrumental in guiding the health system through potential Medicaid changes and managing labor and supply costs.