Kenneth P. Doran

Senior Advisor
Years with Phoenix: 3
Years of Turnaround Experience: 10

Contact Information
Cell Phone: (615) 715-8947
Fax: (615) 778-4653
Email: kdoran@phoenixmanagement.com

Ken Doran presents insights from over 30 years of experience in a variety of challenging operating and financial roles in the public accounting and healthcare sectors. His experience ranges from financial/organizational restructuring to managing organizations experiencing rapid start-up growth. With more than three decades of senior management experience in key financial roles, Ken possesses the broad technical, managerial, and strategic skills required to quickly assess and provide pivotal guidance in any managerial situation. Diverse exposure to different elements of healthcare, primarily in the acute hospital and long-term care institutional pharmacy settings allows him a rapid level of understanding when assessing larger, more complex environments such as integrated delivery systems and publicly traded companies.

Phoenix Turnaround Management Services Experience

• Mergers, Acquisitions, and Divestitures
• Due Diligence Reviews
• Turnaround Management
• Crisis Management
• Interim Management
• Operations Management
• Financial Forecasting
• Cash Management
• Strategic Advisory
• Bankruptcy Advisory

Selected Advisory Experience

• Community Health Systems, Inc., Nashville, TN. Partner in Charge of a seven acute care hospital acquisition that was negotiated and completed in late 2002. Full scope Due Diligence and assessment of operating quality and management efficiency of properties involved in the transaction.

• FTI/Cambio, Inc., Nashville, TN. Partner in Charge for the assessment of operating quality and management efficiency of Carroway Medical Center in Birmingham, AL. Evaluated the efficiency of an FTI/Cambio management team that was not achieving desired results.

• Holdaway Medical Services, LLC., Louisville, KY. Partner in Charge for the assessment of operating quality and management efficiency of large Home Health Agency with DME and Infusion Pharmacy services.

Industry Experience

• Healthcare – Acute Hospitals.
• Healthcare – Nurse Staffing Organizations.
• Healthcare – Long-Term Care Institutional Pharmacy.

Phoenix Capital Resources Experience

• Restructuring
• M&A Advisory
• Refinancing
• Divestitures

Selected M & A and Capital Advisory Transactions

• Community Health Systems, Inc., Nashville, TN. Partner in Charge of M & A, has completed fifty (50) acquisition transactions for the second largest For – Profit operator of hospitals in the United States valued in excess of $8.1B. In addition, has assisted same client with the divestiture of approximately twenty (20) divestitures valued at less than $1.1B.

• MedCath, Inc., Charlotte, NC. Interim Chief Financial Officer for facility that was eventually sold to Carondelet Health System which is part of Ascension Health System, St. Louis, MO.

• Health Personnel Options. Cincinnati, OH. Interim Chief Financial Officer for bankrupt nurse staffing company that was restructured and sold to On Assignment Staffing Company.

• Option Care, Inc. Chicago, IL. General Manager responsible for the operational and financial management of the Cincinnati office of Option Care Enterprises, Inc. Office consists of two divisions, Infusion Therapy and Home Health. With 125 employees and $12.0M in annual net revenue, the Cincinnati office was the largest company owned office within Option Care Enterprises, Inc.

• Skilled Care Pharmacy, Cincinnati, OH. Chief Financial Officer/Chief Operating Officer. Responsible for the entire financial management component including financial reporting, strategic financial planning, budgeting, outside auditor interaction, treasury, forecasting and related analysis for this rapidly expanding company.

• Omnicare, Inc. Cincinnati, OH. East Coast Regional Chief Financial Officer for company that was acquiring and consolidating Long-Term Care Institutional Pharmacies throughout the United States.

Prior Experience

Prior to Phoenix, Mr. Doran worked in the Long-Term Care Institutional Pharmacy industry in the role of Chief Financial Officer/Chief Operating Officer and in the Acute Care Hospital industry in increasingly responsible Financial Management positions. This experience involved financial and operational management of both publicly held and privately owned companies.

Education/Affiliations

Mr. Doran obtained his Bachelors of Business Administration from the University of Cincinnati. While at UC, Ken participated in the Professional Development Co-Op program working with the largest Regional CPA firm.

Mr. Doran is a Certified Public Accountant and a Member of the Healthcare Financial Management Association.