David Skelton Email and Phone Number
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With over three decades of experience, I have served as CFO of PE-backed healthcare companies with billion-dollar sponsors since 2002. The companies ranged up to $800 million in revenue and 250+ locations, spanning multiple healthcare sectors, including dialysis, ambulatory surgery centers (ASCs), in-vitro fertilization (IVF), tech-enabled medication therapy management (MTM), specialty pharmacy, labs, behavioral health, physician practice management (PPM), and specialty dental.Prior to Leon Healthcare Partners, I served as CFO for Specialized Dental (US Endo), where we quadrupled revenue to $400 million+ and completed a major equity recap with a multi-billion-dollar sponsor in 2.5 years. I also served as CFO of SurgCenter Development with 100+ surgery centers in 20+ states, which later sold for ~$4.5 billion. As CFO of National Renal Alliance (NRA), we grew from inception to over $100 million in revenues with 45 dialysis clinics in 10 states and completed a successful $160 million+ exit. Having established four PE-backed companies, I have assisted companies with special projects, interim management/consulting, performance improvement, M&A due diligence, valuation, and integration, modeling/forecasting, strategy, supply procurement, business intelligence reporting, capital structuring, debt/equity raises, and exit preparation/execution. In addition to my CFO roles, I was a healthcare investment banker, a commercial lender, and a Senior Director for a global consulting firm.I have built companies from inception to successful exit, while driving value through denovo’s and acquisitions with physician joint ventures (JV's), financial operations, and revenue cycle intelligence/optimization. I co-founded a tech-enabled revenue cycle management (RCM) company that created a machine-learning software, which found, prioritized, and collected millions in underpaid healthcare insurance claims. I hold an Economics degree (magna cum laude) and an MBA (top 5%) from Vanderbilt with concentrations in accounting and finance, where I scored in the top 2% nationally on the GMAT and was named the Wigginton Memorial Scholar in finance. My wife of 30+ years and we have four children.Skills:- Performance improvement- Financial operations- Corporate finance / M&A- Revenue cycle intelligence and optimization- Financial modeling / forecasting - Strategic growth and planning- Equity and debt procurement- Physician joint ventures- Business intelligence analytics- Acquisition due diligence & integration- Financial communications
Flagship Specialty Partners
View- Website:
- flagshipspecialtypartners.com
- Employees:
- 52
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Chief Financial OfficerFlagship Specialty PartnersBrentwood, Tn, Us -
Senior AdvisorLeon Capital Group Jun 2023 - PresentDallas, Texas, UsLeon Healthcare Partners is a division of Leon Capital Group, a multi-billion dollar equity group that invests in real estate, technology, and healthcare. I serve as their Senior Advisor, assisting with special projects and interim CFO needs across their healthcare portfolio. -
Chief Financial OfficerSpecialized Dental Partners Dec 2020 - May 2023Specialized Dental (including U.S. Endo Partners) is one of the largest specialty dental services organizations ("SDSO"), providing primarily endodontics (root canals) through a national network of leading practices. I was hired to establish the internal accounting and finance teams, enhance our scalable IT platform with interoperative business intelligence dashboards across systems, increase collections via a centralized billing data warehouse with claim-level revenue cycle analytics, improve financial operations, and assist with acquisitions.
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Chief Financial Officer (Consultant)Beacon Oral Specialists Aug 2020 - Dec 2020Beacon Oral Specialists is an oral surgery management services organization that was formed to provide professional support services for leading oral surgery practices. As one of the top three platforms in the US, Beacon's primary services include tooth extractions, reconstructions, and dental implants. I was engaged to establish the corporate infrastructure, select the IT system blueprint, create a billing data warehouse with claim-level revenue cycle analytics, convert from cash to accrual accounting, and assist with acquisitions. Although Beacon offered me the full-time CFO role, I accepted a competing offer to become CFO of US Endo Partners. -
Co-FounderRevenue Platforms Sep 2015 - Apr 2020Franklin, Tn, UsUsing unique algorithms I developed, Revenue Platforms created a machine-learning software that finds, prioritizes, and collected millions in underpaid healthcare insurance claims. I co-founded the predecessor company. Our accomplishments include:- Collected an extra $3 million in zero balance insurance claims over 6 months for one company.- Collected an extra $1 million of underpaid insurance claims across 5 surgery centers in 6 months.- Increased collections 20%+ in less than six months in three different healthcare sectors.- Reduced days of sales outstanding (DSO's) from 150 to 90 in six months with 15% less staff.- Enhanced shareholder value by millions of dollars, while streamlining financial operations. -
Chief Financial OfficerAnodyne Pain & Wellness Solutions, Inc. Oct 2018 - Nov 2019Founded in October 2018, Anodyne is a physician practice management (PPM) company that provides non-opioid treatments for pain through a multi-state network of practices that utilize an integrated care management model, including chiropractic, physical therapy, massage therapy, and regenerative medicine services. After creating centralized processes and systems across 8 locations and completing performance improvement initiatives for each practice, the CFO position was downsized to a Director of Finance role under a mutual decision.
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Senior Director (Consultant)Alvarez & Marsal Jan 2018 - Oct 2018New York, Ny, UsAs the leading, independent global professional services firm with offices in 22 countries, Alvarez & Marsal (A&M) excels at leadership, problem solving and value creation. I provided consulting services within A&M's Healthcare Industry Private Equity division, including acquisition integration, performance improvement, and interim CFO services. Attached is a letter of recommendation from one of my clients, where I served as their interim CFO. I was recruited away from A&M to become the CFO of Anodyne. -
Chief Financial Officer (Special Project)Surgcenter Development Jan 2017 - Oct 2017Pismo Beach, California, UsSurgCenter Development (SCD) is one of the largest ambulatory surgery center (ASC) companies in the US with over 100 locations in 20+ states. SCD hired me to prepare the company for a liquidity event and I developed a comprehensive plan with multiple inter-related initiatives to accomplish that, including a business intelligence (BI) platform, revenue cycle optimization, an internal group purchasing organization (GPO), conversion to accrual financials, and an acquisitions strategy. However, due to 20+ new denovo center commitments during 2017 and the time needed for them to mature, SCD decided not to pursue a liquidity event and discontinued our project, but has continued to utilize key elements of the plan. -
Chief Financial Officer / Co-FounderConcord Behavioral Health Dec 2013 - Sep 2015Concord Behavioral Health (CBH) is a new platform that provides integrated addiction recovery services that are supported by detoxification, residential care, day treatment, intensive outpatient programs, sober living, medication assisted treatment, and other outpatient services. After securing multiple Letters of Intent for initial acquisitions and 7 equity term sheets of $40-50 million each, CBH merged with an industry player. -
Chief Financial OfficerVivere Health, Llc May 2010 - Nov 2013Vivere Health specializes in Joint Ventures with Reproductive Endocrinologists (fertility doctors) in Ambulatory Surgery Centers (ASCs) and In-Vitro Fertilization (IVF) labs. We tripled revenues and doubled the equity value in three years, but a CEO transition led to a CFO change, and I started working on Concord Behavioral Health.
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Chief Financial Officer (Special Project)Pharmmd Apr 2009 - May 2010Franklin, Tennessee, UsPharmMD (now called AdhereHealth) is a leading provider of medication therapy management (MTM) services, which involves a proprietary software that connects pharmacists, physicians, and patients together to identify and resolve drug therapy problems, in order to provide better outcomes at a lower cost. I was selected by Clayton McWhorter and PharmMD’s CEO to lead its capital raise. After we closed PharmMD's first, external institutional equity raise with a $3 billion sponsor, the project was successfully completed and Joe Cashia (my former CEO of National Renal Alliance) recruited me to be CFO for Vivere Health. -
Chief Financial OfficerNational Renal Alliance Nov 2002 - Dec 2008UsNational Renal Alliance (NRA) was a provider of outpatient dialysis services to persons with End-Stage Renal Disease (ESRD). I was instrumental in raising the Company’s initial capital of $25 million in 2002, while at Harpeth Capital. As CFO of National Renal Alliance (NRA), we grew the company from inception to over $100 million in revenues with 45 dialysis clinics in ten states in six years and successfully exited in December 2008. Our primary investor achieved a 19.4% IRR, while the DJIA was flat over the comparable period. At NRA, I secured $150 million in debt and equity commitments and oversaw acquisitions, revenue cycle, accounting, finance, purchasing, and real estate development from inception to exit. -
Principal (Investment Banking)Harpeth Capital, Llc Jul 2001 - Nov 2002Nashville, Tn, UsHarpeth Capital is a mid-market investment bank, typically serving clients with $10-$100 million in revenues with an emphasis on healthcare, business services, and manufacturing. Private equity raises, mergers & acquisitions, and valuations are Harpeth Capital’s primary services. After co-leading the equity and debt raise that my client, CEO Joe Cashia, used to start National Renal Alliance (NRA), I was hired as NRA's CFO. -
Chief Financial OfficerAudio Visual Resources, Inc. Feb 2000 - Jun 2001Audio Visual Resources (AVR) is a provider of audio-visual services for both local businesses and conventions nationwide. The owner of AVR was my former client at Whitney Johns & Company. After expanding to compete for convention AV services nationwide and doubling sales, we entered an economic downturn and the owner needed to reduce costs. So, I joined Harpeth Capital to return to investment banking.
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Director Of Financial Analysis (Investment Banking)Whitney Johns & Company Feb 1996 - Oct 1999Whitney Johns & Company was a regional boutique mergers & acquisition firm, focusing on companies in the manufacturing and business services sectors with up to $75 million in revenues. The firm also started a sister company that was a Small Business Investment Company (SBIC). I maintained a part-time internship during my first year of Business school, but transitioned out early in my second year to focus on full-time post-MBA job opportunities.
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Commercial Loan Officer & Credit AnalystThe Bank Of Nashville Mar 1993 - Feb 1996Prior to being acquired by Synovus, The Bank of Nashville was a publicly traded bank that specialized in commercial loans. After only eight months at Dominion Bank (July 1992 - Feb 1993), First Union acquired Dominion and cut my commercial credit analysis department in half. I then joined The Bank of Nashville in March 1993, where I established its first internal commercial credit analysis department and reported to the #2 senior officer. Due to my interest in investment banking from a college summer internship, I later joined Whitney Johns & Company, when one of my bank clients recruited me.
David Skelton Education Details
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Vanderbilt University - Owen Graduate School Of ManagementFinance And Accounting -
Vanderbilt UniversityEconomics -
Goodpasture Christian School
Frequently Asked Questions about David Skelton
What company does David Skelton work for?
David Skelton works for Flagship Specialty Partners
What is David Skelton's role at the current company?
David Skelton's current role is Chief Financial Officer.
What is David Skelton's email address?
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What is David Skelton's direct phone number?
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What schools did David Skelton attend?
David Skelton attended Vanderbilt University - Owen Graduate School Of Management, Vanderbilt University, Goodpasture Christian School.
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