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(Atlanta, GA – March 8, 2012) – Warbird Consulting Partners today announced the addition of two new managing directors who will fill key leadership positions in the company. Chris Bitler, an expert in investment banking and former principal of The Breckenridge Group in Atlanta, has been named Warbird’s chief operating officer. Doug Fenstermaker, a healthcare finance expert and former chief financial officer for HealthEast Care System in St. Paul, Minn., has been named vice president of healthcare and will direct the company’s healthcare practice.
“A key difference in Warbird’s service offering is the depth and breadth of experience our partners can provide to clients across numerous disciplines and in a variety of industries,” said Mike Draa, CEO and managing director of Warbird Consulting Partners. “Chris and Doug both have an unmatched level of expertise that will benefit our clients and we are very proud to have them join Warbird.”
Chris Bitler has 14 years of experience in providing clients with strategic consulting and investment banking services, including merger and acquisition and institutional capital raising advisory services. He has worked with hundreds of C-level executives and board members to assist in the development of strategic initiatives relating to product/service differentiation, applying technology to business processes, and enhancing market position to maximize shareholder value in capital raising, corporate merger and acquisition advisory assignments. At The Breckenridge Group, Bitler advised corporations in the successful execution of transactions involving mergers and acquisitions, corporate divestitures, distressed and bankruptcy situations, fairness opinions, private placements of senior debt, subordinated and mezzanine debt, and equity capital. Bitler earned a bachelor of science in finance from Georgetown University.
As COO, Chris will assist with leadership of the company’s financial institution and government practices. Warbird’s consulting services for banks, broker-dealers, insurance companies and more, encompasses advanced accounting and financial expertise applied to regulatory reporting created by consent orders, including independent review of loan documents, modifications and servicing. Through the process of regulatory reporting, Warbird assists financial institution clients by providing more transparency and cost certainty. The government practice offers clients a number of services, including mortgage delinquency analysis and forecasting, loss share compliance, regulated institution audits, trade facilitation, and investor outreach.
Doug Fenstermaker has nearly 30 years of healthcare experience, primarily in executive management and leadership positions. In addition to his time at HealthEast Care System, Fenstermaker was senior vice president for managed care and revenue management at Legacy Health System in Portland, Ore., and also served as CFO of Good Samaritan Hospital in Portland, overseeing that organization’s merger into Legacy Health System. Most recently, he worked with Stockamp & Associates, which was acquired by Huron Consulting Group in 2008. Fenstermaker has a bachelor of arts in economics from the University of Southern California, Santa Barbara and a master of public administration in financial planning from California State University, Long Beach.
As vice president of healthcare, Fenstermaker will lead Warbird’s healthcare practice, which includes the CFO Consulting Network, a nationwide network of hospital and health system CFOs that assists hospitals and physicians with complex accounting and financial projects as well as expert strategic advice. Warbird’s professional advisors include highly experienced healthcare CFOs who understand the time and resources necessary to deploy efficient accounting and finance teams while balancing the many other financial management requirements of today’s fast paced healthcare industry. The CFO Network provides clients with a tested, trusted resource to help manage the additional workload and strain resulting from healthcare reform and the growing complexities of today’s healthcare regulatory environment.
About Warbird Consulting Partners
Founded in 2012, Warbird Consulting Partners is a professional services firm based in Atlanta, Georgia that specializes in scalable, value-driven accounting and financial solutions. Warbird’s five key areas of expertise include accounting advisory, the Healthcare CFO Consulting Network, financial institutions, government agencies and On-Demand Services. The company provides cost-saving, measurable results to Fortune 500 companies, healthcare organizations, government agencies and small- to medium-sized businesses. For more information, please visit warbird.wpengine.com.