January 03, 2018

Overlake appoints Andrew Tokar as Chief Financial Officer | Jan. 3, 2018

Bellevue, Wash. – (January 3, 2018) – Overlake Medical Center announced today the appointment of Andrew Tokar as Chief Financial Officer.  Tokar has served as interim CFO since July, 2017 and has been with the organization since 2002.  Tokar joined Overlake as a senior analyst in the finance department and quickly advanced to the position of Director of Finance where he was heavily involved in various aspects of Overlake Medical Center and Overlake Medical Clinics’ finances and operations.

“Andrew is an incredibly talented financial executive who is well-versed in all aspects of our organization,” said Overlake President and CEO J. Michael Marsh.  “His experience working on the patient-facing side of the health care industry along with his involvement in every major financial transaction here in the past 15 years made Andrew uniquely qualified to join Overlake’s executive team.”

Tokar’s accomplishments as interim CFO included leading a successful bond offering in December, 2017 which positioned Overlake for a five-year, $250 million campus renewal project entitled Project FutureCare.  “Not only did he have command of the numbers, Andrew communicated the story behind them which gave both the ratings agencies and investors confidence in Overlake’s financial future,” said Jason Thompson, chair of the finance committee and member of Overlake’s board of directors.  “The net result of Andrew’s leadership is favorable interest rates and a stronger financial position going forward.”

In January, 2017, Overlake and EvergreenHealth formed a joint venture, the Eastside Health Alliance, LLC.  Tokar serves on the board of the Eastside Health Network, a clinically integrated network of providers across the health care continuum.  “The work we are doing with EvergreenHealth for the Eastside Health Alliance as well as our metrics for quality and value-based purchasing makes this an exciting time at Overlake,” said Tokar. “I am honored to be part of the collaborative efforts that will benefit the entire Eastside community.”

Tokar’s prior experience includes being the assistant controller for Telecare Corporation, a California-based behavior health services organization.  He holds a Masters in Business Administration from the University of Washington Executive MBA program. In addition to EHA, his association and board activities include Health Care Financial Management Association (member) and board seats on the Hospital Shared Services Association and Hospital Central Services Association.

For more information or to reach Andrew Tokar, please contact Hilary Benson at 206-631-6611 (pager) or hilary.benson@overlakehospital.org.

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