Russell Perry is a Managing Director at Ankura Consulting Group based in Dallas, TX. He has more than a decade of experience across complex financial situations involving distressed companies, with an emphasis on the US healthcare market. Mr. Perry’s financial advisory experience spans financial statement analysis, financial projection development, liquidity and cash management, M&A support, stakeholder negotiations, balance sheet recapitalization / restructuring, DIP financing / sourcing, and bankruptcy preparation. His current and former clients include private and public companies, not-for-profit institutions, equity sponsors, secured and unsecured creditors, bond insurance companies, bond holders, and other related parties.
Mr. Perry’s professional experience includes:
$1.5 Billion, 1,600 bed Integrated Health Care System – Retained as restructuring advisor in preparation of a potential Chapter 11 filing, which was avoided via a $100M private equity cash infusion and debt restructuring. Then retained as Interim VP Treasurer and restructuring advisor to assist management navigate through the post-transaction operational and financial transformation.
Dune Energy – Served as financial advisor to a $50 million gulf-coast focused exploration and development company to analyze and evaluate reorganization alternatives, ultimately leading to a Chapter 11 reorganization plan. Dune Energy’s Chapter 11 Plan or Reorganization and sale of assets to White Marlin Oil & Gas, Co, was awarded the 2016 Energy & Services Restructuring of the Year by the Turnaround Atlas Awards.
University General Health Systems – Served as financial advisor to distressed physician-owned hospital in connection with its restructuring efforts and negotiations with the senior secured lender.
Brookstone Inc. – Served as pre- and post-petition restructuring advisor to the $500 million retailer providing financial advisory services across DIP sourcing / structuring, M&A diligence and support, cash management, financial modeling, bankruptcy administration, and lender/bondholder negotiation support. Brookstone’s assets were sold to a Chinese consortium through a § 363 sale process.
Velti Inc. – Retained by the board of directors to assist $150M international mobile marketing technology company through its UK/US/India private equity transaction. Velti’s core assets were ultimately purchased by GSO Blackstone through a § 363 sale process. Velti’s restructuring and sale was selected as the 2014 Chapter 11 Reorganization of the Year (under $1 billion) by the M&A Advisor Turnaround Awards.
Virginia United Methodist Homes of Williamsburg Inc. (CCRC) – Retained as restructuring advisor prior to and during the companies’ Chapter 11 restructuring, to assist and advise management of the debtor with its bondholder negotiations, financial forecasting, DIP financing negotiations, liquidity management, claims management, and broad-based bankruptcy administrative reporting.
The Clare at Water Tower / Franciscan Communities St. Mary of the Woods (CCRC) – Retained as restructuring advisor to two portfolio CCRCs – a 53-story luxury high-rise located in downtown Chicago and an award-winning rural Ohio-based facility assisting the debtors and its legal counsels with full service restructuring advisory, including pre-petition creditor negotiations, cash flow forecasting, § 363 M&A due diligence support, and broad bankruptcy administrative support. Currently servicing as post-confirmation plan administrator.
Physician-owned Hospital in the Southwest – Retained by the board of directors to perform chief restructuring officer (CRO) services in connection with this 26-bed, specialty acute care facility.
Large Hospital System in New Jersey – Retained by the secured bond insurers in connection with the system’s successful out-of-court operational restructuring and turnaround.
Forum Health – Retained by the board of directors to construct a fully integrated three statement projection model, with emphasis on short-term liquidity needs such as pension payments, corresponding pension contributions and upcoming debt obligations. Projections facilitated ultimate restructuring of the system.
Fairview Ministries Inc. (CCRC) – Retained as restructuring advisor to the secured lender of a Chicago-area not-for-profit operator of a CCRC and assisted living facility. Prepared multiple financial analyses and models, including fair market valuation.
Falcon Steel – Retained by the Official Committee of Unsecured Creditors to assist with its negotiations and preparations of the terms of the Chapter 11 plan, and advise the committee as to the feasibility of the debtors’ projections.
Sumner Regional Health Systems Inc. – Retained by Sumner County, Tennessee to provide valuation and restructuring advisory services.
Retained to provide expert report and testimony regarding cram-down interest rate (based on In re Till vs. SCS Credit Corp. ruling), feasibility, and plan terms in numerous Chapter 11 matters.
Prior to joining Ankura, Mr. Perry was a Senior Vice President in Deloitte CRG’s health care corporate restructuring industry practice. Prior to his role at Deloitte, Mr. Perry was a Principal at a national boutique crisis management and restructuring firm, and has experience in corporate finance/accounting positions within the biotechnology sector and various roles across investment/commercial banking.
Mr. Perry earned his Bachelor of Science from Texas A&M University, and his MBA from the Mays Business School at Texas A&M University. Mr. Perry also holds the Chartered Financial Analyst (CFA) and Certified Insolvency and Reorganization Advisor (CIRA) designation, as well as inactive NASD licenses 7, 65, and 63.
Mr. Perry is the recipient of The M&A Advisor’s 2016 Emerging Leaders Award. He is the former board member and treasurer of the DFW Association of Young Bankruptcy Lawyers; member of Young Lawyers Committee of the Bankruptcy Law Section of the State Bar of Texas, CFA Institute, American Bankruptcy Institute, Turnaround Management Association, and the Association of Insolvency & Restructuring Advisors.