Michael Petit Email & Phone Number

New York, New York, US

Chief Financial Officer for the first PE-backed Cardiology platform in the nation. A truly innovative business working to transform the delivery of healthcare through value-based care (VBC). Highly acquisitive with a particular focus on deploying new lines of service and building ambulatory surgical centers (ASCs) in multiple markets.

Portsmouth, NH, US

Chief Financial Officer for the Northeast's premier Urgent Care group. Focused on aggressive growth through de novos, acquisitions, and new lines of service (Telemedicine, highly complex lab, and offsite programs). Completed a successful exit for the business to Bain Capital in June-2021 (Boston-based private equity firm).

Acton, Massachusetts, US

Chief Financial Officer for the Northeast's largest private equity backed Dermatology practice, focused on aggressive growth through acquisitions and de novos across five states

Chief Financial Officer for a private equity backed Ophthalmology & Optometry business with wholly owned Ambulatory Surgical Centers (ASC's) in multiple states. Focused on aggressive growth through acquisition in the New England market and completed a successful sale process for the business in December-2017.

Provided interim CFO services to a large Ophthalmology group. Prepared and executed a successful restructuring plan, preparing the business for future growth.

Hartford, Connecticut, US

• Built key performance indicators for 10 different product lines that delivered tremendous insight into business operations.
• Developed pricing strategies to support all product offerings.
• Partnered with sales leadership to create proposals for new business.
• Conducted analysis into the company’s cost structure.
• Developed highly accurate Budgets and Forecasts.

Hartford, Connecticut, US

• General Responsibilities:
• Responsible for all aspects of the annual budget process, supporting a $750 Million Business Unit.
• Oversee the finance department for a $250 Million division that operates in all 50 states.
• Key contributor to the strategic planning process.
• Review and approve financial forecasts before submission to Corporate.Accomplishments:
• Worked closely with the management team to re-vamp the planning process in order to focus on productivity improvements and cost reductions. This resulted in $21.2M of annualized savings for a group of product lines.

Hartford, Connecticut, US

• Managed the development of annual budgets, monthly forecasts, and ad-hoc analysis.
• Initiated the creation of a centralized data warehouse to capture and refine commonly used data. This resulted in both faster and more accurate ad-hoc/metric reporting.
• Completely re-engineered the reports being generated by finance to focus on the most important business drivers in the organization (key metrics).

London, GB

• Integrated numerous newly acquired companies, absorbing the additional work with existing staff.
• Evaluated numerous acquisition targets (company acquisition values ranging from $5 Million to $1.3 Billion). This included deep analysis into the makeup of expenses, verification of asset values, and calculation of the.
• Led the annual budget process, and consolidated the financial statements from six operating units

London, GB

• Led the annual budget process, and consolidated the financial statements from six operating units valued at over $2.0 Billion.
• Oversaw the consolidation of financial statements.
• Analyzed and conducted due diligence in support of numerous acquisitions.
• Prepared internal business plans to support the sale / spin-out of 3 product lines.

London, GB

• Developed program budgets and analyzed weekly/monthly performance against plan.
• Prepared financial proposals for new business, ensuring adequate coverage of risks.
• Completed variance analysis and earned value reporting for $50M worth of projects.

London, GB

• Negotiated a broad range of multi-million dollar contracts with international, commercial, and Government clients.
• Dealt with complex issues involving international sales such as the loss of highly sensitive, export-controlled equipment during shipment to the Republic of China.
• Developed strong communication skills (both verbal & written) while dealing with sensitive customer issues on a daily basis.

Master Of Business Administration (M.B.A.), Management

Bachelor Of Science, Accounting