Bruce Schroeder

Experience

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  Public Accounting CPA

  May 1982 - Apr 1986

  Staff Accountant

  Regional Public Accounting. Tax and Audit.

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  HCR ManorCare

  Apr 1986 - Jun 2013

  Assistant Vice President of Oper

  1995 – 2013 Heartland Home Health Care & Hospice (4H) – Finance & OperationsStarted with Heartland Home Health Care & Hospice in 1995. The Division reported $46 million in revenue and a consolidated $2.9 million in operating income, 6.4%. The 4-H 2010 annualized revenue is $439 million and $74 million in operating income or 16.9% that represents over 10% of total ManorCare. Work closely with all the administrative functions of the Heartland Division with direct reporting for all centralized billing and collection as well as operation support staff. I managed our Home Infusion business that moved revenue from $2 million in 2000 to a $15 million annual run rate with 25% Operating Income. I managed all facets of the Operations at various times of the Home Healthcare and Hospice Divisions.Interim CEO, COO, and CFO for In-Home Health, Inc. during a six-month Stock purchase period.Facilitated the move of corporate offices to Toledo, Ohio1990 – 1995: Director of Operations Support – Central Division Nursing Home Operations (Substantial Margin Improvement) Work closely with 50 nursing homes to operate the business at or over budgeted levels. Report to the Director of Operations and General Manager of the Nursing Home Division. Perform numerous tasks relating to improving financial performance, operational efficiency, quality of care, and employee satisfaction.1987 – 1990: Accounting Manager 1986 – 1987: Regional Accountant Show less

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  Greystone Health Network

  Jan 2013 - Jan 2015

  Chief Strategy Officer

  Successes:Acquired 18 skilled nursing homes in three separate transactionsAcquired 59 beds in three separate transactions for three additions to existing assetsAcquired $11 million in revenue in homecare in three separate transactionsFiled and won CON hearing for 120 NSF in District 6Added Homecare branches in Gainesville, Jacksonville, Sun City and Ft. Myers, FL.Moving existing operations to one software platformMoving all Homecare agencies to ACHC, SHPAdded private duty and Hospice product lines to GreystoneNumerous bed moves and two new construction projects.Homecare Impact:Grew revenue from $8.4 million in 2012 to projected $29 million in 2015.Grew EBITDAM from $555 thousand in 2012 to $3.2 annualized as of 6/30/2015.Grew margins from less than 1% to 7% from operations. Impact to Deal process:Add expiration dates to LOIs, Deleted deposits, changed terms in APA;no baskets,Shortened CA from 10 pages to 4 & LOI from 5 pages to 3.Created a screening tool for deals review. Show less

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  HCF Management, Inc.

  Mar 2016 - Sept 2018

  Executive Vice President

  Report directly to the Owner. All other staff report through the EVP (over 4,000 employee company).Direct reports include- CFO, VP-HR, VP- Construction, VP-SNF/ALF Operations, CEO of Therapy Co, Director of Therapy CO, Director of Physician GroupBoard Director of affiliated Pharmacy Co.Responsible for approximately 25 Nursing Homes and Assisted Living locations, 6 Homecare locations, and 30 Therapy sites.Successes: Acquired one Assisted Living, two Therapy co, and one Homecare agency and two Physician practices. Started up a Physician Services Group. Improved Homecare operations from a loss in 2016 to a profit in 2018.Signed approximately six therapy contracts. Show less