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Ex-hospital CEO accused of funneling $14M for lavish lifestyle, son's $109K Beverly Hills baptism
New York Post • • business
Key Points:
- Michael Sarian, former CEO of Healthcare Systems of America, is accused of siphoning at least $14 million from the health system to fund a lavish lifestyle, including a $109,000 baptism celebration for his son at a Beverly Hills hotel.
- The lawsuit alleges Sarian diverted millions from hospitals in Florida and other states into personal accounts and unauthorized uses between September 2024 and January 2026, contributing to severe financial strain across the hospital network.
- Sarian denies wrongdoing, claiming the baptism payment was a repayment for money he advanced to cover hospital payroll, and accuses former family attorney Faisal Gill of orchestrating a corporate takeover.
- The legal dispute is part of a broader battle for control of the hospital network, which includes several Florida hospitals acquired in 2024 after the bankruptcy of Steward Health Care.
- Plaintiffs allege Sarian transferred $1.28 million into his personal accounts shortly after the health system received over $16 million for hospital operations, and he has failed to provide a full accounting of these transfers.
