Andrew Thung
Senior Director
Quick facts
15+ years of experience leading performance improvement and restructuring initiatives for organizations in various states of their lifecycle
Experienced finance professional with expertise in the healthcare industry
Bachelor’s degree, Brown University; MBA, Kellogg School of Management at Northwestern University
Based in New York
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Andrew Thung is a Senior Director with Alvarez & Marsal Healthcare Industry Group in New York.

Mr. Thung is an experienced finance professional specializing in performance improvement and interim management for healthcare organizations in various states of their life cycle from growth to distress. With over 15 years of advisory and management experience, he has also worked in the financial services, public education and retail industries.

Mr. Thung has served as acting CFO of a $150 million specialty lab company where he led the company’s finance organization through a Chapter 11 bankruptcy filing and sale of the business. His responsibilities included financial reporting, treasury/liquidity management, development of KPIs/dashboards, lender negotiations, product and customer profitability analytics, identification and implementation of cost reductions and capital raises.

Mr. Thung also served as an interim VP of Finance to a $1+ billion home health provider overseeing the accounting, treasury and financial planning departments. In addition, Mr. Thung was responsible for redesigning the company’s sales targets and compensation structure as well as the implementation of a performance improvement process for underperforming branches. 

As a financial advisor to both public and private companies, Mr. Thung has developed long-term business plans and cash flow forecasts for companies engaged in settlement negotiations for fraud against federal and state agencies.

During the winddown of Lehman Brothers Holdings Inc., Mr. Thung served as part of the restructuring group and the Treasury group, where he monitored the firm’s liquidity through cash flow forecasting and financial reporting. 

He has led various cost reduction initiatives for Acelity, the NYC Department of Education, American Italian Pasta Company, and Levi Strauss & Co., business plan development for a provider of respiratory equipment, and creditor advisory for lenders of hospices and LTACHs.
Prior to joining A&M, Mr. Thung was Director of Financial Planning for a telemessaging services provider, where he was responsible for budgeting, forecasting, financial reporting and. Prior to that, Mr. Thung was a financial analyst at Bear, Stearns & Co. Inc., where he specialized in M&A and leveraged finance transactions.

Mr. Thung earned a bachelor’s degree in applied math and economics from Brown University, and an MBA from the Kellogg School at Northwestern University. He is also a Certified Insolvency and Restructuring Advisor (CIRA).