Tom Kaylor Email & Phone Number

San Diego, Ca, Us

San Diego, California, Us

Private equity-funded (Riverside Partners) pharma services company serving life sciences clients nationwide. Recruited by Riverside Partners to join another of their portfolio companies following the successful exit transaction at Revecore.• Executed due diligence on a major acquisition, including analysis of financial performance, quality of earnings, operating metrics, employee benefit programs and internal systems/staffing.• Oversaw financial integration of the target, including accounting, invoicing, payroll and employee benefits.• Directed integration of Sequoia with another Riverside portfolio company. Ensured completion of critical workstreams and managed communication among key stakeholders.• Developed KPIs to monitor weekly/monthly performance in key areas, including client service delivery and the commercial organization.• Strategized, developed and executed cost reduction initiatives in response to market-driven financial pressures.• Devised metric-driven financial forecasting and planning process, resulting in more transparent performance targets for company and departmental leadership.• Monitored and reported on compliance with financial covenants and other provisions under the company’s credit agreement.• Established weekly cash forecasting process to monitor cash position in real time and identify future cash needs.• Designed and implemented an incentive compensation program for service delivery personnel, aligning individual compensation with company objectives.• Managed key processes and relationships in all areas of finance, including audit, tax, risk management programs and financial reporting.

Franklin, Tn, Us

Private equity-funded (Riverside Partners) revenue cycle management company serving hospitals and health systems nationwide.• Worked with executive team and PE sponsor to achieve a successful exit transaction through the sale of controlling interest to GrowthCurve Capital in April 2022.• Involved in key workstreams in critical acquisition to extend service offering, including financial/business diligence, lender negotiation, accounting and legal.• Integrated the acquired operating subsidiary, reducing administrative costs by consolidating risk management programs, employee benefit offerings and administrative functions.• Built professional accounting department, allowing the company to reduce time to monthly financial close by over 50%, maintain GAAP-basis financial statements and obtain an audit for the first time.• Instituted company-wide annual budget and planning process, working with operations leaders to establish clear performance objectives and efficiency metrics.• Created, prepared, and delivered monthly and quarterly lender reporting, including debt covenant calculations and financial and operating metrics/KPI.• Developed weekly cash forecasting process to identify future cash needs.• Redesigned the company’s incentive compensation program for associates, resulting in clear alignment between organizational objectives and individual team objectives.• Converted employee medical benefit plan to a self-funded platform, reducing annual costs by over 20%.• Identified predictive metrics and established reporting and forecasting mechanisms, allowing the board and senior management to quickly comprehend the future impact of the pandemic at the onset and take appropriate action.

Davie, Florida, Us

Privately held provider of clinical diagnostic laboratory testing services for long-term care facilities and physician offices in 10 states.• Completed the integration and restructuring of the former MedLab business, resulting in over $7 million of annualized cost savings and taking the business from significant annualized operating losses to profitability in the first full year of ownership by AHA.• Secured a $6 million bank credit facility to refinance existing debt and provide a new operating line of credit.• Instituted performance goals and metrics for the billing department, resulting in a 40% reduction in the backlog of claim submissions and an additional $500,000 of cash flow.• Worked with operations management to implement new compensation structure for the former MedLab business, resulting in improved client turnaround times as well as cost savings. This new structure subsequently passed a review by the U.S. Department of Labor.• Achieved premium reductions through the consolidation of property and liability insurance policies.• Redesigned employee medical benefit plan to minimize cost while also complying with ACA requirements.

Cincinnati, Oh, Us

Venture capital-funded provider of clinical diagnostic laboratory testing services for long-term care facilities, physician offices and hospitals with annual revenue of approximately $90 million. As a result of a heavy debt burden combined with major reductions in governmental reimbursement for laboratory services, the company filed for Chapter 11 bankruptcy protection in October 2013. The company was subsequently sold in 2 separate transactions.• Promoted to CFO by the Board of Directors to oversee all financial aspects of Chapter 11 bankruptcy reorganization and sale.• Collaborated with bankruptcy advisers and lender to secure $5 million debtor-in-possession credit financing.• Created restructuring plan for operations to reduce cash burn and prepare the company for sale.• Executed due diligence process and sale of the company’s 2 business segments in separate transactions.• Developed and managed plan for the sale of primary business segment to American Health Associates in a complex multi-stage transaction, including transfer of employees, assignment of contracts/leases and procurement of Medicare provider numbers.• Negotiated terms with vendors to minimize disruption to the business.• Constructed key employee incentive plan to retain critical personnel through the bankruptcy process.• Recruited and hired key personnel in accounting, HR and billing departments to replace employees that departed in reaction to the bankruptcy. Despite nearly 100% turnover in the accounting department, all accounting functions continued without significant disruption and all reporting requirements were fulfilled.• Communicated periodic business updates to key stakeholders (employees, clients, vendors, etc.) to ensure continuity of operations.

Cincinnati, Oh, Us

• Centralized accounting functions in the corporate office by building a team from nearly scratch, implementing a new general ledger system and converting outlying business units to this new system.• Reduced monthly financial closing cycle by 2 weeks (50%) and annual audit cycle by 2 months (40%).• Established and maintained financial processes and controls, including controls over a complex capital structure comprised of multiple series of convertible preferred stock, senior/subordinated debt and management stock options.• Developed geographic and departmental reporting structure to monitor profitability of distinct business units.• Created a company-wide annual budget process, including detailed sales and wage planning modules, and presented the final budget to the Board of Directors.• Consolidated multiple banking relationships into one, streamlining the treasury management process.• Secured lines of capital lease financing to ensure capital needs of the business were fulfilled.• Directed financial due diligence for acquisitions and divestitures.• Executed sale of a $10 million line of business in order to improve liquidity and reduce debt.• Forecasted cash flow to manage cash in a low-margin environment.• Collaborated with trade association to assess impact of reductions in reimbursement on laboratory providers.

Cincinnati, Ohio, Us

• Coordinated monthly financial reporting with regional finance teams to ensure compliance with the requirements of Formica senior management and the parent company. • Researched technical accounting issues and determine the company’s position with respect to International Financial Reporting Standards (IFRS). • Consolidated the annual operating plan and monthly forecast, including development of balance sheets and statements of cash flows.

Cincinnati, Ohio, Us

Privately held telecommunications company providing commercial and residential long distance, local, wireless, and internet service with annual revenue of $100 million.• Supervised four managers with a total finance staff of 20, spanning all functional areas in finance.• Coordinated the reorganization of the company under business units, resulting in better alignment of company resources along customer market lines.• Analyzed financial performance of operations, including revenue and gross margin trends, cash flow, operating expenses, product and customer mix, new product initiatives and capital projects. • Developed and implemented a management incentive compensation plan to align management bonuses with individual and company performance.

Cincinnati, Ohio, Us

• Oversaw all accounting-related functional areas of the company, including general ledger, budgeting, accounts payable/receivable, purchasing, credit and collections.• Responsible for all financial reporting, including monthly, quarterly and annual financial statements, commentary and analysis. • Interfaced with external auditors on all audit issues and matters related to GAAP and financial statement presentation. • Developed monthly financial close process, reducing the monthly cycle by 42% without additional staff.• Implemented company-wide budget process and department reporting structure.• Monitored compliance with covenants on debt facilities.

Cincinnati, Oh, Us

• Performed monthly general ledger close and analysis, as well as all budgeting and forecasting, for six long-term care pharmacies in three states with total annualized revenue of $100 million.• Responsible for compliance with financial targets in the areas of operating profitability, accounts receivable days sales outstanding, inventory days on hand and payroll expense.• Provided operations managers with support and analysis on staffing/payroll, billing, collections, inventory management, capital projects and compliance.

Cincinnati, Oh, Us

• Consolidated monthly financial statements, annual budgets and monthly forecasts for over 100 operating units.• Provided integration support to newly-acquired pharmacy locations.• Implemented new corporate-wide financial reporting system (Hyperion Enterprise), including development of a standard chart of accounts and an expanded financial reporting structure for over 100 operating units, reducing the time necessary for consolidation by 67%.

Cincinnati, Oh, Us

• Oversaw monthly closing of corporate general ledger. • Assisted in preparation of SEC filings.• Coordinated conversion to new corporate general ledger system.

Gb

• Planned and coordinated annual financial statement audits for numerous clients in the financial services, health care and manufacturing industries.• Supervised audit teams consisting of 1-4 professional staff.