Virtua Health · 1 month ago
AVP ASC Transactions and Development
Marlton, NJ
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expVirtua Health is a regional market leader in healthcare, seeking an AVP for ASC Transactions and Development to assist the VP of Business Development. The role involves overseeing the strategic growth and acquisition of Ambulatory Surgical Centers, managing partnerships, and coordinating due diligence activities.
Health Care
Responsibilities
Work with potential partners to engage in the initial discussion, planning and partnership formation of new joint ventures. This includes the farming of new potential opportunities, completion of a pitch for a partnership outline, initial diligence surrounding the financial opportunity, if any, and ongoing relationship forming. Maintain open lines of communication with potential partners throughout the due diligence process and ensure that the Virtua team is connected to all appropriate parties on the physician/seller side. Maintain relationships throughout the lifetime of the partnership, including regular check-ins and partnership discussions
Lead the coordination and project management of due diligence activities with various partnership acquisitions or transactions occurring simultaneously. This includes the ongoing coordination with legal counsel and potential partners regarding the successful completion of diligence milestones, including the tracking of the population and completeness of required due diligence request items and negotiation of Definitive Agreements. Communicate the ongoing status of diligence progress and concerns to counsel and the ASC leadership team on a regular basis, ensuring all internal parties are appraised of the transaction status. Review all financial data which is populated in diligence files, while working in tandem with Business Services and ASC Finance team, in order to validate the accuracy and alignment with any pre-transaction projections and modeling. Coordinate the scheduling of all transactional assessments inclusive of those with external parties, including onsite accreditation and life safety preparedness, business office functions, and valuations. Prepare approval information for the Virtua Finance committee and Board of Trustees, as needed to obtain approvals for business development activities, and closely monitor any open transactional issues or questions prior to close
Point person for facility-level share purchases or redemptions for ASC team and partners. This includes the provision of templated documents to aide in the outlining of share dollar values in alignment with the specifics of the facilities operating agreement, either directly or in conjunction with our management company partners. Acts as the main conduit for new business attributions to current partnerships, advising operational leaders and senior management of projected financial impacts and strategic growth. Proactively assesses the current network of Virtua’s ASC’s for consolidation, merger or business attribution considerations, and lead the transactions of such internal processes. Assess the health of current physician partnerships, their succession plans, and monitor businesses for strategic realignment and growth
Attend and participate as an active Board member where assigned ensuring Board is addressing the critical issues at that center and that Virtua’s business interests are represented. Provide support to all Virtua Board members and/or Physician Board members/investors so that they are kept appraised of issues that will require their input or vote as a Board member or investor
Qualification
Required
Minimum of 10 years of progressive positions leading to senior level experience in health care delivery operations (preferably in an ambulatory surgery setting) with a track record of exemplary leadership in the healthcare industry
Possess excellent working knowledge of insurers and provider networks
Strong financial management and negotiation skills
Strong qualitative, quantitative, and process analytical skills demonstrated by the ability to identify and use information and data to set goals and priorities, make decisions, and measure performance
Must have excellent verbal and written communication skills
Must be a strategic thinker, be capable of building strong relationships, be a strong collaborator, and have excellent business development skills
Bachelor's degree required in healthcare or business administration or related field
Preferred
Advanced degree preferred
Appropriate certificates in healthcare-related areas are desired
Company
Virtua Health
Virtua provides innovative outreach programs that address social challenges affecting health.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Dennis W. Pullin
President and CEO
Recent News
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