Michael Cole is a Managing Director and the Healthcare Industry Leader of Alvarez & Marsal Transaction Advisory Group. For more than 11 years, he has specialized in spearheading financial accounting healthcare due diligence projects for complex public and private company transactions.
Mr. Cole has assisted numerous private equity firms and strategic buyers with transactions across a wide spectrum of healthcare and life sciences segments, including acute care hospitals, long-term care, home health, hospice, specialty and institutional pharmaceuticals, ambulatory surgical centers, clinical laboratories, physician and dental practices and clinics, pharmacy benefit management, managed care, disease management, contract research organizations and other healthcare service organizations.
Mr. Cole specializes in providing accounting and transaction structuring advice, throughout the transaction lifecycle, assessing quality of earnings and key business and earnings drivers, as well as SEC and GAAP accounting and reporting requirements. He critiques financial models and purchase agreements and reviews the financial performance of target companies to identify cost reductions and / or operating efficiencies. He has worked with management teams of private equity-backed portfolio companies to complete add-on acquisitions and direct platform investments.
Prior to joining A&M, Mr. Cole was a Partner and the National Leader of Private Equity - Healthcare at Ernst & Young. In this role, he led financial accounting due diligence projects for private equity investor groups and strategic buyers, and the development and coordination of the firm's go-to-market and service delivery strategies for private equity funds with healthcare interests. Previously, Mr. Cole was with the Audit & Business Advisory practice of Arthur Andersen in Nashville.
Mr. Cole earned a bachelor's degree in accountancy, with high honors, from the University of Kentucky. He is a Certified Public Accountant (CPA) in Tennessee and Kentucky, and an active member of the American Institute of Certified Public Accountants (AICPA) and the Tennessee State Society of Certified Public Accountants (TSCPA). Mr. Cole is a founding member of Leadership Healthcare, a Nashville-based organization dedicated to fostering the next generation of healthcare leaders. He is a frequent guest lecturer on financial accounting due diligence at healthcare industry seminars.
NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.