SOMERVILLE, Mass., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Danforth Advisors, specialists in accounting, finance support and strategy for life science companies, today announced its expansion into the healthcare services sector under the direction of Paul Falvey, a 30-year veteran of the healthcare industry. Mr. Falvey will apply deep expertise in the strategic and operating needs of healthcare service companies, including their unique business models and revenue cycle management.
“The rise of consumerism in healthcare, including greater focus on access, convenience and the overall patient experience, has fueled a new wave of private equity investment for service-based companies – which have a unique set of operating and financing challenges,” said Mr. Falvey. “Having led a number of companies in this space through growth and policy change, I look forward to sharing my experiences and background with Danforth clients at various stages – from start-up to commercialization.”
“Vast, sector-specific knowledge, insight and contacts are what set Danforth apart, and we have carefully built a team of consultants who understand our clients’ businesses inside and out,” said Daniel Geffken, Founding Managing Director of Danforth. “We are fortunate to welcome Paul, who is exceptionally qualified to advise healthcare service companies that seek accounting and finance management on an outsourced basis for cost efficiency.”
Mr. Falvey will continue in his role as CFO of PhysicianOne Urgent Care, a role for which he was named CFO of the Year by the Hartford Business Journal. He leads finance strategy and business development efforts and has been instrumental in doubling the company’s number of locations from nine to 18 in Connecticut, Massachusetts and New York. He previously held senior leadership positions for Cambrooke Therapeutics, Shields Health Care Group and GE Healthcare, where he sold and subsequently integrated the business of ONI Medical Systems into the MRI business of GE Healthcare. Mr. Falvey began his career at KPMG and holds a BS from Stonehill College.
Danforth now serves over 100 life science companies with accounting and finance experts in the areas of drug discovery/development, medical devices, precision medicine, healthcare technology and healthcare services. In addition to growing its practice areas, the firm recently announced its geographic expansion into the New York metropolitan region and western United States.
About Danforth Advisors
Danforth specializes in accounting, finance support and strategy for life science companies. Our services range from execution of day-to-day finance and accounting functions to strategic CFO advisory, capital raising, financial and operational planning and analysis, and transactional support and execution for public offerings, mergers and acquisitions. Clients at all phases of the corporate life cycle can take advantage of these services on a part-time, interim or project basis, scaling as needed. Danforth was founded in 2011 and has served over 260 life science and digital health companies with our unique, modular approach. Additional information is available at www.danforthadvisors.com.
Contact:
Felicia Krupps
fkrupps@danforthadvisors.com