Healthcare Restructuring Expert Rick Arrowsmith Joins FTI Consulting

Rhea-AI Summary

FTI Consulting (NYSE: FCN) announced the appointment of Rick Arrowsmith as a Senior Managing Director in its Corporate Finance & Restructuring segment, enhancing its healthcare restructuring capabilities. Arrowsmith brings 25 years of experience in turnaround and restructuring advisory, focusing on healthcare sectors such as senior living and medical equipment. His previous roles include restructuring advisor for LVI Intermediate Holdings Inc. and working with distressed borrowers in the equipment sector. This appointment aims to provide comprehensive solutions for healthcare clients facing challenges from the COVID-19 pandemic and economic pressures.

Positive

• Rick Arrowsmith appointed Senior Managing Director, strengthening healthcare restructuring services.
• Brings 25 years of experience in turnaround and restructuring advisory.
• Previous advisor to LVI Intermediate Holdings, enhancing credibility in healthcare.
• Focuses on key sectors like senior living and medical equipment, addressing significant market needs.

Negative

• None.

WASHINGTON, Sept. 09, 2020 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Rick Arrowsmith as a Senior Managing Director in the Corporate Finance & Restructuring segment, adding to the depth of the firm’s healthcare restructuring offering.

Mr. Arrowsmith specializes in turnaround and restructuring advisory, with a focus on sub-acute care, senior living, laboratory companies, medical equipment and life sciences. Based in Washington, D.C., he brings nearly 25 years of creditor workout experience and will work with the global FTI Consulting platform to advise clients in the healthcare sector as they navigate restructuring situations.

“Rick is a leading restructuring specialist in the healthcare industry,” said Timothy Dragelin, a Senior Managing Director and Co-Leader of Healthcare Restructuring Services within the Corporate Finance & Restructuring segment at FTI Consulting. “We continue to invest in our healthcare restructuring capabilities, and Rick’s experience and knowledge of the sector significantly enhances the deep bench of talent we have available to clients in distress.”

Mr. Arrowsmith most recently served as the restructuring advisor to LVI Intermediate Holdings Inc., the largest U.S.-based LASIK surgery provider. Previous experience includes serving as chief restructuring officer and liquidating trustee through the Chapter 11 process of a Virginia-based health diagnostics laboratory, being appointed as receiver for a Florida-based behavioral health provider, and leading the restructuring efforts for portfolios of nursing homes and assisted-living facilities across the United States. He also worked extensively with stressed GE Capital borrowers in the equipment and life sciences sectors.  

“The Healthcare Restructuring Services team, the broader Corporate Finance & Restructuring segment and the multidisciplinary offerings at FTI Consulting will enable Rick to provide end-to-end solutions for his clients, as well as all constituents in healthcare as they respond to pressures from the COVID-19 pandemic and economic fallout, along with the market forces that adversely impacted the sector before the current crisis,” said Chad Shandler, Co-Leader of Healthcare Restructuring Services at FTI Consulting.

Commenting on his appointment, Mr. Arrowsmith said, “The restructuring talent at FTI Consulting combined with the business transformation practice and its operational and compliance expertise, economic and policy knowledge and strategic communications capabilities provides healthcare clients with holistic solutions that are unmatched. I am excited to collaborate with these leading experts to help clients meet and anticipate the challenges they face now and in the future.”

Mr. Arrowsmith previously worked in the healthcare industry group of a global professional services firm. Prior to that, he was Senior Vice President at Hudson Americas, an affiliate of Lone Star Funds, where he managed an asset recovery team and oversaw the portfolio of loan assets operating in bankruptcy. He also spent 12 years with GE Capital Healthcare Financial Services, which included client work in dental, managed care, senior living, skilled nursing and other sub-acute platforms, as well as many commercial real estate and equipment-leasing portfolios.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 5,800 employees located in 27 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.35 billion in revenues during fiscal year 2019. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.

FTI Consulting, Inc.
555 12^th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Matthew Bashalany
+1.617.897.1545
matthew.bashalany@fticonsulting.com

FAQ

Who is the new appointment at FTI Consulting as of September 2020?

Rick Arrowsmith has been appointed as Senior Managing Director.

What is Rick Arrowsmith's area of expertise?

He specializes in turnaround and restructuring advisory, particularly in healthcare sectors.

How will Rick Arrowsmith's appointment affect FTI Consulting?

His expertise enhances the firm's healthcare restructuring capabilities, allowing better support for clients.

What company is Rick Arrowsmith associated with?

He has joined FTI Consulting, listed on NYSE under the symbol FCN.

What sectors does Rick Arrowsmith focus on?

He focuses on senior living, laboratory companies, medical equipment, and life sciences.