Ric Magnuson

Ric Magnuson

EVP & CFO

Allina Health

Biography

Mr. Ric Magnuson, Chief Financial Officer of Allina Health, is responsible for ensuring that Allina Health resources are deployed properly to enhance the quality, safety and effectiveness of the care Allina Health provides to patients and communities.

Mr. Magnuson also served as Senior Vice President, Finance and Treasury. In this role, he was responsible for treasury, financial accounting & reporting, real estate, tax, design & construction, logistics and materials management, purchasing and the project management office along with the responsibilities of the former Vice President, Supply Chain Management role.

Previously, Mr. Magnuson served Allina from 1987 to 2004 in a variety of financial leadership roles including Chief Financial Officer for Mercy and Unity Hospitals and Vice President of Finance and Operations at Abbott Northwestern Hospital. After leaving Allina in 2004, he served as Chief Financial Officer of Fletcher Allen HealthCare in Arlington, Vermont; Executive Vice President & Chief Financial and Administrative Officer of Group Health, based in Seattle, Washington; and most recently as Chief Financial Officer of City of Hope, a $1.5 billion organization providing leading research around cancer and diabetes care services. Mr. Magnuson earned his bachelor’s degree at Augsburg College in Minneapolis in accounting and finance and his master’s degree at the University of St. Thomas in Minneapolis.