Managing Director with Alvarez & Marsal Healthcare Industry Group
Paul Rundell is a Managing Director with Alvarez & Marsal Healthcare Industry Group in Chicago. Mr. Rundell brings over 13 years of experience specializing in interim management specifically cash management and financial analysis. Mr. Rundell has provided cash management, financial support, crisis management, turnaround consulting, business strategy and planning, market analysis and operational improvement services to clients, and has advised unsecured and secured creditors and debtors both in and out of court. He is skilled in the creation of cash management processes, 13-week cash flow, profit / loss statements, balance sheet statements, borrowing bases and other financial documents to help manage and run corporations. Mr. Rundell has worked with various healthcare clients geographically dispersed throughout the country.
Currently with A&M, Mr. Rundell is an EVP of Restructuring at Erickson Retirement Communities, one of the largest CCRCs in the country and is advising Sunwest, a $2 billion assisted living facility operator. Prior to this assignment, he advised a five hospital acute health system and served as SVP of Financial Restructuring, for St. Vincent’s Catholic Medical Centers, a $1.5 billion non-profit hospital system in New York, in connection with A&M’s management assignment on the Chapter 11 restructuring. In this role, Mr. Rundell’s responsibilities with these engagements included lender and bond holder negotiations, cash management, producing short and long-term business plan projections and right sizing the cost structure to maximize value and liquidity.
Prior to joining A&M, Mr. Rundell worked with several restructuring and interim management firms where he assisted clients with revenues ranging from $100 million to more than $15 billion. Mr. Rundell holds a bachelor’s degree and a master’s degree in business administration from the University of Illinois. He is a Certified Insolvency and Restructuring Advisor (CIRA) and a Certified Turnaround Professional (CTP). He is a member of the Turnaround Management Association (TMA) and the Association of Insolvency and Restructuring Advisors (AIRA).