Former Florida hospital CEO accused of funneling $14M for ‘lavish lifestyle’
Michael Sarian, the ousted founder and former CEO of Healthcare Systems of America, faces accusations of diverting at least $14 million from hospital funds for personal use. A lawsuit alleges the money funded a lavish lifestyle, including a $109,000 baptism for his son in Beverly Hills. Sarian has denied the allegations.
What changed
New details identify the accused as Michael Sarian and the company as Healthcare Systems of America.
Live updates
-
Former Hospital CEO Michael Sarian Accused of Siphoning $14 Million
confidence 90%Michael Sarian, the ousted founder and former CEO of Healthcare Systems of America, faces accusations of diverting at least $14 million from hospital funds for personal use. A lawsuit alleges the money funded a lavish lifestyle, including a $109,000 baptism for his son in Beverly Hills. Sarian has denied the allegations.
What's confirmed:
- Former Healthcare Systems of America CEO Michael Sarian is accused of diverting at least $14 million from hospital funds.
- The alleged siphoned funds were used to bankroll a lavish lifestyle.
- Sarian has denied the allegations.
Still unconfirmed:
- Sarian used company money for a $109,000 Beverly Hills baptism celebration for his son.
- The diverted funds came from hospitals in Florida and other states.
- Former partners accuse the hospital owner of siphoning revenue for personal gain.