Jack Hauser Email & Phone Number

Greater Minneapolis-St. Paul Area

LogicStream Health improves healthcare outcomes, patient/provider satisfaction and financial performance through innovative software and solutions. The LogicStream Intelligence Platform delivers results to health systems by reducing unnecessary care variation and working to monitor the care delivery process at the provider level. This is accomplished by delivering solutions to groups within an organization that tie specifically to their priorities, whether clinical, financial or procedural. With a strong and experienced team focused on innovation, LogicStream provides a scalable and sustainable method to improve the quality and reduce the cost of healthcare. For more information, visit Logic-Stream.net.

Minneapolis, Mn

Developed high performing financial and HR departments by establishing a culture of excellence for all team membersResponsible all financial materials presented to the BoardSecured over $40.0 million in equity funding from private investors, Lemhi Ventures and Bain CapitalNegotiated first bank credit facilityDirectly responsible for all accounting, cash management, treasury, financial reporting, insurance, and human resources. I had responsibility for all legal and facilities during most of my tenureResponsible for all aspects of HR, including organizational design, recruiting, compensation, benefits, compliance, and employee relationsResponsible for two company moves, including the move to our current 50,000 square foot officeWorked with Grant Thornton on all audit and income tax return preparationResponsible for all insurance and risk managementMerger & Acquisition Activities:Led diligence and financing of a $168 million acquisitionLed debt financing efforts for acquisition that resulted in the transaction being financed entirely with debtResponsible for financial model used for this acquisition, identified almost $8 million of cost savings from combining the organizations. These cost savings were recognized within one yearPrepared the Confidential Information Memorandum (CIM) used to syndicate this financing Presented all financial information to the bank syndicateLed efforts to integrate accounting teams for the two companiesLed efforts to on-board all employees of acquired company on the date of closeAlong with CEO and Houlihan Lokey, led sale of company for $550 million to a group of private equity investorsDeveloped assumptions and financial model used in presentations to potential acquirers.Developed CIM for presentation to acquirers and lenders.Led financing efforts for $300 million credit facility to finance a portion of the purchasePresented all financial information to Moody’s and Standard & Poor’s to receive public rating on debt

Andcor Companies, Inc. provided executive search and strategic human resource consulting services to emerging growth companies. In addition, Andcor assisted client companies in raising capital by making equity investments in its clients directly or through its affiliate, Minnesota Management Partners. These investments were the primary driver in a tenfold increase in shareholder’s equity during my 7 years at Andcor.Principal and Chief Financial OfficerOne of three principals responsible for the overall operations of Andcor’s business. Also served as the senior financial officer of the corporation. Responsibilities included:Direct oversight of and key contributor to the overall day-to-day operations of Andcor’s search and consulting businessReviewed business plans of selected Andcor clients to assess overall business viability and determine if investment in client was advisable.Served as Executive Director of Minnesota Management Partners, a private equity fund that Andcor formed to invest in early stage companiesResponsible for all finance and accounting functions of the company including:Directed preparation of monthly financial statements and annual review by outside audit firm.Prepared annual financial budgets and monitored overall business performance against budget.Negotiated Andcor’s investment in most of its portfolio companies.Managed Andcor’s investment portfolio of public and private company investments.Managed cash flow to meet all internal needs.Managed banking relationship and negotiated long- and short- term financing arrangements.Worked with audit firm to ensure that tax returns were completed and filed on a timely basis. Directed all facilities management.Managed all risk/insurance coverage.Managed all employee benefits, including health, dental, life and disability insurance, 401(k). Oversaw and was trustee of Employee Stock Ownership Plan (ESOP).

Mba, Marketing And Finance

Bs, Finance