The Company
Industry: Healthcare Services
Entity Type: Privately Held
Operating Region: California
Size: $30M
The PROBLEM
Amid a transaction process, the company faced a strained accounting function marked by unreconciled accounts and inconsistent data. They needed an interim Controller to support the CFO, oversee financial operations, and ensure reporting accuracy ahead of due diligence.
The Solution
McDermott + Bull Interim Leaders placed a seasoned Controller with a strong background in financial due diligence and transaction readiness. With deep expertise in reconciliation, reporting, and cash flow forecasting, they quickly stabilized accounting functions and created structured processes to support both ongoing operations and transaction preparedness.
The RESULT
When the pending deal was paused, the interim Controller pivoted to internal process improvement — taking full ownership of core accounting functions. They implemented repeatable financial workflows, cleaned up the balance sheet, and supported the CFO by backfilling accounting duties during a staffing gap.
Data Room Populated for Sale
Completed cash flow statements, refined financial reports, reconciled bonuses, and compiled cap table data from 2006–2024.
Reporting Structure Standardized
Built templates for mapping the P&L across 2023–2024 and prepared streamlined financial statement summaries.
Census + Balance Sheet Clean-Up
Finalized the delayed 2024 Census and executed a deep balance sheet reconciliation to ensure financial clarity.
Mark McConnell
Senior Managing Director, McDermott + Bull Interim Leaders
mcconnell@mbexec.com
Mark McConnell serves as a Senior Managing Director at McDermott + Bull Interim Leaders, where he forges relationships with companies addressing transition, change, and transformation. He partners closely with clients who require on-demand consulting resources to bridge leadership gaps and propel their business forward. He has experience working with emerging and enterprise-level companies across numerous industries and has depth in functional areas such as finance, accounting, human resources, and operations.