The Company
Industry: Healthcare
Entity Type: Publicly Traded
Operating Region: United States
Size: $100M Revenue
The PROBLEM
Following the sudden departure of the Controller, the company faced a critical leadership gap during a complex period involving audit readiness, tax compliance, and financial reporting. The organization lacked sufficient structure and documentation, creating significant risk as it navigated a sale process and eventual wind-down.
The Solution
McDermott + Bull Interim Leaders placed an experienced Controller with deep expertise in technical accounting, compliance, and public company reporting. The interim leader assumed full ownership of the accounting function, executed end-to-end close processes, remediated tax exposures, and partnered with external auditors and advisors to ensure compliance.
The RESULT
The interim Controller brought structure to a highly fragmented environment, resolved outstanding compliance issues, and successfully guided the company through sale-related activities and bankruptcy proceedings. Their leadership ensured all financial obligations were completed accurately and positioned the organization for an orderly wind-down.
Reduced Tax Exposure
Lowered liabilities by more than 80% through direct negotiations and remediation efforts.
Achieved Full Compliance
Completed all federal, state, and local filings across income, sales, and property taxes, ensuring full regulatory compliance.
Led Bankruptcy + Wind-Down Reporting
Delivered accurate, timely reporting to meet all regulatory and court requirements.
Mark McConnell
Managing Partner, Head of Client Services, McDermott + Bull Interim Leaders
mcconnell@mbexec.com
Mark McConnell serves as Managing Partner, Head of Client Services for McDermott + Bull Interim Leaders, where he forges relationships with companies addressing transitions, transformations, and transactions. He partners closely with clients who require on-demand consulting resources to bridge leadership gaps and propel their business forward. Mark has significant experience serving emerging and middle-market companies and private equity firms broadly across industries and functional areas.