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W. Earl Reed, III
Earl Reed has seen nearly every significant change in the healthcare system since the passage of the original Medicare laws in the mid-sixties. With a background of three decades of healthcare financial management, Earl has been CEO for two private equity owned healthcare providers, CFO of a Fortune 500 company, headed the M&A function of another, and advised numerous other companies in growth plans and financial and operational challenges.
As Chairman and CEO, Earl directed the successful restructuring of an orthotics and prosthetics company and developed four new hospitals, centralized back office functions and rebuilt the management team of a chain of 20 hospitals. While CFO and board member of Vencor, Inc., Earl managed the growth of the company from a one-hospital operation to a $3 billion national network of nursing homes, hospitals and ancillary service customers. His time at Vencor included the company’s IPO and four follow on equity offerings; over $1 billion in public debt offerings; and the $2 billion acquisition of The Hillhaven Company, including the consolidation of the two companies’ infrastructures. Prior to Vencor, for 12 years Earl was a member of the Humana Inc. financial operating team, with ultimate responsibility for the M&A function.
A CPA since 1975, Earl began his career with Ernst & Young. He has advised over two dozen public and private companies in management team design, financial restructuring, strategic planning, capital formation, and financial systems. He has served on the Board of Directors of various privately owned and publicly traded healthcare companies and has served as chair of the audit committee and designated financial expert for Sarbanes-Oxley.
E-mail Earl at earlreed@theallegrogroup.com.
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