$10 Billion Multi-National Healthcare Company
After senior management determined that one of their business units was no longer aligned with their core market strategy, they retained LevelX to help them assess their strategic options for exiting the business. Midway through the process, management decided not to divest the business and retained the same LevelX consultant to serve as the interim CFO of the business unit until they hired a full-time finance leader.
Role / Actions
- Performed financial analysis to identify the highest ROI method of divestiture
- Served as the financial liaison between client and their investment bankers, providing financial information to market the business and preparing the business for sell-side due diligence
- Performed cost/benefit analyses to evaluate the impact of centralizing select finance and accounting processes
- Performed regional cost analyses and shifted workflow from the U.S. and Asia Pacific to the U.K. to drive cost savings
- Eliminated unnecessary management layers from the business
Results
- Achieved $300,000 in annual savings (2.5 FTEs) by redistributing work effort
- Achieved $350,000 in annual savings from removing a layer of management within the organization structure
- Helped management establish a market value for the business unit through the receipt of valid purchase offers from third parties
