Ex-hospital CEO accused of funneling $14M for – Business News
A former hospital government siphoned not less than $14 million from a health system and used company money to bankroll a lavish way of life that included a $109,000 Beverly Hills baptism celebration for his son, in accordance with a bombshell lawsuit.
Michael Sarian, the ousted founder and former CEO of Healthcare Systems of America, was accused of diverting thousands and thousands of {dollars} from hospitals in Florida and different states into personal accounts, household trusts and different unauthorized makes use of whereas the amenities struggled to pay payments and preserve operations.
The lawsuit, which was first reported by the Miami Herald, alleges Sarian handled company accounts as his personal piggy bank, funneling thousands and thousands out of the health system between September 2024 and January 2026.
Michael Sarian (seen proper with spouse Evelina) is the previous CEO of Healthcare Systems of America. Instagram/Mike Sarian
Among essentially the most eye-popping allegations is a declare that more than $109,000 was wired from a Healthcare Systems of America company account to the Four Seasons Hotel in Beverly Hills for Sarian’s son’s baptism celebration.
The submitting consists of a social-media post allegedly exhibiting the occasion, in addition to banking information figuring out a baptism as the aim of the switch.
The go well with additionally alleges Sarian cast — or directed another person to forge — an worker’s signature to divert one other $120,000.
Sarian has denied wrongdoing.
Sarian is accused in a lawsuit of diverting thousands and thousands of {dollars} from hospital-affiliated entities. He has denied wrongdoing.
He and his spouse, Evelina, have argued that the baptism fee was an licensed reimbursement of money he beforehand superior to help cowl hospital payroll and have characterised the allegations as half of an effort to grab control of the company.
Sarian is on the heart of a bitter legal struggle over control of a hospital community spanning Florida, Texas and Louisiana. Instagram/Mike Sarian
The legal combat is the newest twist in a bitter legal battle for control of a hospital community that operates Palmetto General Hospital, Coral Gables Hospital, Hialeah Hospital, North Shore Medical Center and Florida Medical Center.
According to the grievance, Sarian’s transfers contributed to extreme financial pressure throughout the system, impairing its skill to satisfy payroll, pay distributors, compensate physicians and fulfill different working obligations.
Michael Sarian is accused of siphoning thousands and thousands from a hospital empire, together with money allegedly used for a luxurious Beverly Hills baptism. Instagram/Mike Sarian
The lawsuit cited by the Herald alleges that within a day of Healthcare Systems of America receiving more than $16 million meant to help hospital operations and acquisitions, $1.28 million was transferred into Sarian’s personal accounts.
Plaintiffs declare Sarian has failed to offer a full accounting of the transfers.
Palmetto General Hospital in Hialeah is one of 5 South Florida hospitals operated by Healthcare Systems of America. Google Maps
Sarian disputes the allegations and has accused Faisal Gill — a former household lawyer who now controls the Florida hospital system — of orchestrating a company takeover.
Gill has denied these accusations, saying the litigation is meant to get well money that rightfully belongs to the hospitals and guarantee assets are directed towards affected person care.
Start your day with all you need to know
Morning Report delivers the newest information, videos, photographs and more.
Thanks for signing up!
The dispute follows an earlier courtroom combat wherein new management accused Sarian of trying to regain control of hospital bank accounts after he was eliminated as chief government.
The hospitals on the heart of the battle have been acquired in 2024 out of the chapter of Steward Health Care, the once-sprawling hospital chain whose collapse triggered one of the most important healthcare restructurings in recent times.
The Post has sought remark from Sarian and Gill.
