Chief Financial Officer
Gulf Healthcare International
I was recruited by a private equity firm to instigate a turnaround of their troubled healthcare unit. Acquisitions that had been started by the previous management had to be completed and integrated into the company. Parallel to completing these acquisitions, the company also had to grow by new acquisitions arising from a recapitalisation of the company. The recapitalisation of approx. $30m was completed in July 2011. New acqusition targets were identified in 2010 which I negoitated and completed in July 2011 to coincide with the finalisation of the recapitalisation. I negotiated a Joint Venture with a US healthcare company which took effect from 1 April 2011 and which will be cash and earnings positive in its first year of operations. I also established Cost, Risk and Audit committees with the cost committee identifying $500k of cost savings in 2010. One of my KPI's was to source external financing facilities which I successfully did with a major bank. In addition to the UAE, I also oversaw the Group's operations in Kuwait and Saudi Arabia. In addition to the usual Finance and Accounting responsibilities, I took ownership of the various Business Development initiatives such as new market entries and business lines working in close conjunction with senior management and stakeholders.