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Hospital finance group CEO steps down

Wayne A. Mugrauer has resigned as president and chief executive officer of the Hospitals and Higher Education Facilities Authority after more than three years in the job.

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Wayne A. Mugrauer has resigned as president and chief executive officer of the Hospitals and Higher Education Facilities Authority after more than three years in the job.

Mugrauer will become CEO of the Penn Foundation in Sellersville, which provides mental health and retardation and substance abuse services in Bucks and Montgomery Counties.

The board of the Hospitals and Higher Education Facilities Authority voted Tuesday to appoint board member James B. Baker Jr. to serve as interim CEO until a successor to Mugrauer is found.

The authority provides low-interest, long-term, tax-exempt financing to non-profit hospitals and secondary and higher education facilities.    - Diane Mastrull