Interim Management and Monitoring
Company:
Grupo Notre Dame
Intermédica
Sector:
Health (Health Insurance and Hospital)
Date:
2014 - present
The NOTREDAME INTERMÉDICA Group is one of the largest medical insurance conglomerates in Brazil, with more than 3.6 million beneficiaries.
Services Provided
-
Interim CEO focused on making the transition from a family management to a professionalized one. Implementation of corporate governance and improvement of management tools were some of the initial moves. Project duration of 3 months
-
After the transition phase, Setter started to work with the CEO, CFO and other managers in the creation and improvement of financial and operational controls, company´s results analysis for investor reporting and with the evaluation of current and new business lines
-
In addition to management support, Setter advises the company in buy-side M&A projects and subsequent post-merger integration of the acquired company
Challenges
-
Family business, low rigor with corporate governance
-
Complex operation, multiple companies and businesses under one management
-
Regulated market
-
Market in process of consolidation and increasing competition
Changes
-
Professionalization of the management
-
Development of financial and operational controls
-
Increase of analytical capacity
-
Greater assertiveness in decision making
Achievements
-
EBITDA multiplied by 4.5x from 2014 to 2017
-
Eight acquisitions concluded
-
Post-merger integration of acquired companies