Healthcare Management Partners Managing Director Derek Pierce Relocates to Atlanta, Expanding Firm’s Footprint
Wednesday, April 17th, 2019
Healthcare Management Partners, LLC (HMP), a leading turnaround and consulting firm specializing in healthcare, has opened a new office in Atlanta, GA office led by Derek Pierce, HMP Managing Director.
Pierce has relocated from HMP’s Birmingham, AL office. From Atlanta, he will continue to support the firm’s clients across the U.S. while further building out the firm’s partnerships within the large Southern city which has significant banking, finance and healthcare industries. Pierce has previously worked in Georgia executing receiverships, an HMP specialty, which is an appointment granted to oversee financially troubled businesses, for purposes of restructuring or selling the business.
“I’m pleased to expand Healthcare Management Partners to Atlanta, a strategically located, booming city that will play an important role in the future of healthcare,” said Pierce. "Our firm is growing as America’s shifting healthcare landscape continues to require significant strategic support to navigate, and I’m pleased to expand our reach to meet client needs from Atlanta.”
Pierce has over 20 years of professional experience focused solely in the healthcare industry, having served as Chief Financial Officer, Chief Restructuring Officer, Director of Reimbursement, court-appointed Examiner, Medicare auditor, Medicare cost report preparer, forensic accountant, compliance consultant, financial auditor, and financial advisor. He has audited, managed, and consulted with all types of healthcare providers including government owned, community not-for-profit, academic, and investor-owned entities.
Pierce served as the Restructuring Chief Financial Officer of a two-campus, not-for-profit hospital in Chapter 11 bankruptcy. In addition to his CFO responsibilities, he led the Section 363 sale process and conducted a forensic review into the circumstances that led to the hospital’s bankruptcy filing. Throughout the project, Derek worked closely with senior lenders, debtor-in-possession lenders and the applicable federal loan program to a successful plan of reorganization.
In his career, he has led or participated in turnaround management and consulting assignments for more than 40 healthcare providers, including Baptist Memorial Health Care, British National Health Service, Washington Hospital Center, Tri-Lakes Hospital, Lifepoint Hospitals, Tampa General Hospital, Legacy Health System, Loretto, American Healthcare Companies, and IASIS Healthcare. Prior to joining HMP, Derek was a Director with Alvarez & Marsal in its New York-based healthcare practice. Before that, he was a Senior Manager with Arthur Andersen in its Atlanta-based healthcare consulting practice.
Pierce is a graduate of Samford University with a Bachelor of Science in Accounting and is a member of numerous professional associations.