Daily News: January 25, 2013

Alvarez & Marsal Adds Geringer as Senior Healthcare Executive

Alvarez & Marsal announced the addition of Steve Geringer, a senior healthcare executive, adviser and director, to lead A&M Healthcare Industry Group’s private equity services as a managing director.

Geringer has 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, chairman of Qualifacts Systems and is a director of Woundcare Specialists.

“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.”

Geringer previously served as CEO of Infuscience (acquired by Bioscript); chairman and operating partner of CredenceHealth (acquired by Midas+ Solutions, a division of ACS, a unit of Xerox Corporation); director of CCRx Pharmaceutical Services (acquired by Omnicare); co-founder and CEO of Clinical Pharmaceuticals (acquired by PCS Health Systems), and CEO and president of PCS (later acquired by Eli Lilly & Co).

Alvarez & Marsal is a global professional services firm that specializes in turnaround management, operational performance improvement and business advisory services.