[January 22, 2013]

Alvarez & Marsal Adds Senior Healthcare Executive

Global professional services firm Alvarez & Marsal announced the addition of Steve Geringer, a senior healthcare executive, advisor and director, to lead A&M Healthcare Industry Group's private equity services as a managing director based in New York.

Mr. Geringer brings significant experience working with organizations focused on hospital management, outpatient services, managed care, pharmaceutical benefits, behavioral health and social services, and healthcare information technology. He also serves as chairman of Amsurg Corp. and a director of Addus Homecare, Inc., both public corporations; chairman of Qualifacts Systems, Inc., and a director of Woundcare Specialists, Inc.

"We are excited to have someone with Steve's qualifications and track record join us," said Guy Sansone, head of A&M Healthcare Industry Group. "Private equity is a growing area of A&M's healthcare business and Steve is an important addition to serving the full range of needs of private equity groups and their healthcare portfolio companies. His C-suite experience and his board service at private equity sponsored companies add to our appreciation of these groups' investment considerations and performance objectives."

"Steve's addition underscores our focus on providing an integrated service offering to the private equity community," said Michael Cole, healthcare industry leader of A&M's Transaction Advisory Group. "The combination of A&M's operational advisory capabilities and leading financial and accounting transaction advisory services has been embraced by healthcare private equity investors and we continue to invest in the growth of our healthcare private equity services practice."

Mr. Geringer's past roles include serving as: chief executive officer of Infuscience, Inc. (acquired by Bioscript); chairman and operating partner of CredenceHealth, Inc. (acquired by Midas+ Solutions, a division of ACS (News - Alert), a unit of Xerox Corporation); director of CCRx Pharmaceutical Services (acquired by Omnicare); co-founder and chief executive officer of Clinical Pharmaceuticals (acquired by PCS Health Systems), and chief executive officer and president of PCS (later acquired by Eli Lilly & Co).

Mr. Geringer earned a bachelor's degree in economics from the University of Pennsylvania. He is immediate past co-chair of Jewish Funders Network, an international philanthropic organization based in New York; former chairman of the Jewish Community Foundation of Greater Phoenix, and a past trustee of the Phoenix Country Day School.

About Alvarez & Marsal: Changing the Business of Healthcare

With nearly three decades of experience providing hands-on support and results to organizations navigating times of change and challenge, Alvarez & Marsal is a global professional services firm that specializes in turnaround management, operational performance improvement and business advisory services. With a distinctive combination of experienced healthcare industry practitioners and world-class activist consultants, A&M works with management, boards of directors and stakeholders of not-for-profit and investor-owned healthcare providers, biopharmaceutical companies, payors, suppliers and others to improve operational, financial and clinical performance. A&M professionals bring a proven execution-oriented approach focused on delivering results through strategic advisory; financial, operational and clinical performance improvement; interim, crisis and contract management; turnaround and restructuring, mergers and acquisitions transaction and financial advisory; and compliance, governance and investigations.

To learn more about A&M, visit www.alvarezandmarsal.com.

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