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ImPART GROUP Joins Alvarez & Marsal Healthcare Industry Group

Posted on: Monday, 29 October 2007, 12:00 CDT

Alvarez & Marsal Healthcare Industry Group, a division of leading global professional services firm Alvarez & Marsal (A&M), and ImPART GROUP, a strategic healthcare consultancy, have merged to form Alvarez & Marsal ImPART GROUP. The combined organization will be led by managing director and A&M Healthcare Industry Group head Guy Sansone and ImPART co-founders Jim Callanan and Stuart McLean, who have been named managing directors. Brian Dealy and Kathleen Murphy, each formerly a principal of ImPART, have been named senior directors.

"The healthcare industry continues to face ongoing and fundamental challenges, driven by an aging population, reimbursement changes, public policy shifts and other factors that are straining resources and creating mounting financial and operational pressures," said Mr. Sansone, who most recently led the turnaround of Saint Vincent's Catholic Medical Center, which filed for bankruptcy in 2005.

"For more than 20 years, Alvarez & Marsal has worked with myriad healthcare organizations to improve their performance and reshape their futures, having served in both advisory and interim management roles," he added. "ImPART GROUP has a similar history of helping clients in all facets of the healthcare field to achieve growth, quality improvement and profitability and shares our philosophy and passion for delivering measurable and sustainable results. Through this exciting merger we are further enhancing our ability to bring a considerable breadth and depth of expertise to bear to serve organizations across the continuum of care."

"ImPART GROUP and Alvarez & Marsal share an operational, hands-on heritage and significant strategic, financial and consulting strengths," said Mr. Callanan. "We are delighted to be joining forces with another team of senior professionals who have a distinguished track record of delivering lasting results as well as a deep understanding of both the issues facing the industry and the needs of patients, physicians, caregivers and their communities."

The professionals of Alvarez & Marsal ImPART GROUP have served in advisory and interim management roles on behalf of community hospitals, for profit health systems, academic medical centers, medical schools, health plans and suppliers, among others, including: HealthSouth, St. Vincent's Catholic Medical Center, Horizon Blue Cross and Blue Shield, Hospital for Joint Diseases, North Shore Long Island Jewish Health System, Drexel University College of Medicine, University of Connecticut School of Medicine, Robert Wood Johnson School of Medicine, Good Samaritan Hospital, Fallon Community Health Plan, Grady Health System, Magellan Health Services, Integrated Health Services, Passaic Beth Israel Regional Medical Center, Republic Health, Valley Presbyterian, UMDNJ School of Osteopathic Medicine, University Hospital, Saint Francis Hospital and Medical Center, North General Hospital, Greater Baltimore Medical Center, Princeton University Medical Center, Florida Hospital, Canton Potsdam Hospital, Alegent Health, New Jersey Medical School and Bay State Healthcare, among others.

Mr. Callanan, a co-founder of ImPART GROUP, is based in Boston. He previously spent 20 years with Deloitte Consulting and, as a partner, held a variety of leadership positions, including national partner-in-charge of managed care services and Eastern region healthcare leader. Before that he was with Liberty Mutual Insurance Company. He received a bachelor's degree in economics from Columbia College and a master's degree in business administration, with a concentration in finance, from The Wharton School of the University of Pennsylvania.

Mr. McLean is based in New York. Prior to co-founding ImPART GROUP with Mr. Callanan, he served in a number of leadership roles at North Shore-LIJ Health System in New York. Over the course of his tenure, the health system grew from $500 million to more than $2 billion in revenue. Earlier in his career he was a consultant with Deloitte and an engineer with Honeywell's Advanced Engineering Program. Mr. McLean holds a bachelor's degree in computer sciences from Worcester Polytechnic Institute and a master's degree in business administration, with concentrations in strategy and finance, from the University of Michigan.

Mr. Dealy, who is based in Boston, was formerly a principal of ImPART GROUP. He previously spent 17 years as CFO with two Academic Medical Centers: St. Elizabeth's Medical Center, Boston, MA and Boston Medical Center. Before that, he spent nine years as CFO of three Massachusetts community and community teaching hospitals. Mr. Dealy holds a bachelor's degree in accounting and a master's degree in business administration, with a concentration in finance, from Northeastern University. He holds a Fellow of Healthcare Financial Management Association (FHFMA), Certified Management Patient Accounting (CMPA) designations and completed the HFMA Certified Physician Practices Management specialty exam, served as president of the Massachusetts Chapter of the Healthcare Financial Management Association (HFMA) and on the HFMA National Matrix.

Ms. Murphy, who is based in New York, was also formerly a principal of ImPART GROUP. Before entering the consulting field, she was president/COO at DDS Partners, LLC, a start-up venture in the dental practice management industry and served as COO of Physician Services/Management Services Organization, a division of the North Shore-Long Island Jewish Health System, a major New York-based integrated delivery system. Ms. Murphy received a bachelor's degree in human resource management from the State University of New York at Old Westbury.

Alvarez & Marsal

For nearly 25 years, Alvarez & Marsal has set the standard for working with organizations to tackle complex issues, boost performance and maximize value for stakeholders.

As the leading, independent global professional services firm, Alvarez & Marsal excels at leadership, problem solving and value creation. Whether serving in interim management or advisory roles, the firm draws on a deep operational heritage and hands-on approach to deliver comprehensive performance improvement, turnaround management and corporate advisory services to clients ranging from international enterprises to middle market companies to public sector and health care entities.

With a team of seasoned professionals based in North America, Europe, Asia and Latin America, the firm provides Turnaround Management services, including Performance Improvement; Turnaround and Restructuring Advisory; Crisis & Interim Management; Risk Management Advisory; Creditor Advisory and Claims Management. A&M's services also include: Business Consulting; Real Estate Advisory; Dispute Analysis & Forensics; Corporate Finance; Tax; Transaction Advisory and Technology Asset Management.

For more information, visit www.alvarezandmarsal.com or www.impartgroup.com.

Source: Business Wire

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