Summary

• “Big 8” CPA with broad based finance and operations experience and proven success capitalizing on opportunities to facilitate profitable growth. Areas of expertise include:
• Public Offering Preparation/SEC Reporting
• IPO and Public Offering Preparation
• High Yield Bond Offering Placement
• Secured Financing Placement
• Mergers and Acquisitions
• Financial Planning and Budgeting
• Public Company Board of Directors
• Turnaround Management .

Major Career Accomplishments

• Partnered with the Executive Management Team to maximize growth. Organized due diligence, financing and integration for all acquisitions. Secured financing with Mellon Bank. Implemented detailed federal income tax reviews.
• Grew revenue from $150 million to over $200 million.
• Developed business plan supporting growth from $150 to $300 million in revenue over five years.
• Completed seven acquisitions with a purchase price ranging from $1 million to $48 million.
• Reduced annual income tax liability by $3 million per year starting in 2005.Implemented business plan focused on same store growth, de novo development and acquisitions. Organized due diligence, financing and integration for acquisitions. Structured/hired accounting function from scratch. Led Asset Management Group with balance sheet/P&L responsibility.
• Led sale to private equity investors in 2001 resulting in a 125% increase in stock price in four years.
• Raised over $700 million in debt capital via senior secured financing and high yield bond offering.
• Structured and negotiated a $225 million high yield debt offering and a $475 million senior secured financing with B of A. Secured favorable S & P ratings following presentations and negotiations.
• Developed business plans that supported growth from $20 million to $300 million in revenue. Led and completed $100 million merger of two publicly held companies, American Health Services Corp. and Maxum Health Corp., forming a new public company, InSight Health Services, which became a profitable $92 million national company within first year.
• Directed entire merger process including the integration of 1,000-employees, all systems and state, federal, SEC and NASDAQ regulatory approvals. Managed all investor relations activities.
• Reduced DSO (day’s sales outstanding) from 85 days to 65 days over last three years.
• Led negotiation of a $24 million debt for equity swap that relieved the company of debt burden.
• Completed 15 acquisitions from $1 to $45 million purchase price.
• Assisted in the development of IRIS (InSight Radiology Information System), a fully integrated information system including patient demographics, imaging procedures and billing and collections.
• Achieved a 14-year record with no recorded material non-recurring write-off of accounts receivable or negative findings from any Medicare or Medicaid audits.

Experience

• 2005-2007  Sage Publications, INC., Thousand Oaks, CA 
• 2004-2005  Pponext, INC., Long Beach, CA
• 1989-2003  Insight Health Services Corp., Newport Beach, CA
• 1996-2003  EVP, Chief Financial Officer
Chief Operating Officer (1998) Chief Financial Officer (1991-1996) Controller (1989-1991)
• 1981-1989  Arthur Anderson & Co., Irvine, CA
Senior Manager/ Manager (1985-1989) Senior Associate/Associate (1981-1985)

Education

• B.S., Accounting, Magna cum Laude, Loyola Marymount University, Los Angeles, CA 1981
• California Certified Public Accountant, 1983.