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
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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
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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
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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
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Family business, low rigor with corporate governance
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Complex operation, multiple companies and businesses under one management
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Regulated market
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Market in process of consolidation and increasing competition
Changes
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Professionalization of the management
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Development of financial and operational controls
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Increase of analytical capacity
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Greater assertiveness in decision making
Achievements
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EBITDA multiplied by 4.5x from 2014 to 2017
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Eight acquisitions concluded
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Post-merger integration of acquired companies