WATERTOWN, N.Y. (WWNY) -
Samaritan Medical Center's chief financial officer is retiring after 38 years with the hospital.
Paul Kraeger's last day is June 19.
During the last two decades, SMC said Kraeger assisted in guiding the organization through significant transformation including the implementation of the medical center’s master facility plan, developing Samaritan Summit Village, construction of the Walker Center for Cancer Care, and has worked with numerous other organizations throughout the region to achieve financial stability for the entire health system.
Also, under his leadership, the organization achieved an investment grade bond rating in 2017, a designation few New York state hospitals have achieved, SMC said.
Kraeger is a northern New York native. After college, he returned to the area and started at Samaritan in general accounting as a staff accountant.
Over his career at Samaritan, he has held many positions including the manager of general accounting, assistant vice president of finance, VP of finance and current position as senior VP of finance and chief financial officer.
Kraeger has worked with five Samaritan Medical Center CEOs, and has watched the system grow from the House of the Good Samaritan to the large healthcare system it is today. Kraeger credits his success to the dedicated employees of Samaritan and the unending support of his wife and family, according to a statement from SMC.
SMC has started the search process to fill the position.