Inova Health System
About Inova Health System
8110 Gatehouse Rd., Falls Church, Va. 22042
www.inova.org
| 703-289-2000
| Founded: 1956
Industry: Health Care | Category: Nonprofits
In April 2006, Inova announced its intent to merge with the Prince William Health System. The organizations are awaiting final approval, expected this fall. With the merger, Inova would invest more than $200 million to expand projects at Prince William Hospital and in Gainesville, Haymarket and other Prince William locations, some of the fastest growing areas in the nation. It would be the second merger in two years for Inova, which joined with Loudoun Hospital in 2005.
Randall L. Kelley was named senior vice president of Inova Health System and chief executive of Inova Loudoun Hospital in June, while Mark S. Stauder became Inova Health System's chief operating officer in September.
The health system launched a campaign with BB&T Bank and Marymount University to tackle the nursing shortage. BB&T is providing Marymount with a $750,000 endowment to fund scholarships. Each year, the interest earned on those funds will be matched by Inova's foundation.
Meanwhile, Inova Loudoun Hospital earned an American Nurses Credentialing Center Magnet designation, the highest institutional honor for nursing excellence.
President and CEO: J. Knox Singleton
2006 Financial Data
Revenues: $1,865,959,000 | Net Income: $277,951,000Total employees: 15,391 | Local employees: 15,391
Did You Know
Inova Health System is one of the largest nonprofit health-care systems in the Washington region. It owns hospitals — Inova Fairfax, Inova Alexandria, Inova Fair Oaks, Inova Fairfax Hospital for Children, Inova Heart and Vascular Institute, Inova Mount Vernon and Inova Loudoun — as well as nursing homes, assisted-living facilities and emergency- and urgent-care centers. The hospitals have 1,702 beds. Inova is affiliated with Potomac Hospital in Woodbridge
