Project Description

Kenneth Doran CPA

President and CEO

With more than three decades of senior management experience in key operating and financial roles in the public accounting and healthcare sectors, Ken Doran possesses the broad technical, managerial, and strategic skill set required to quickly assess operational situations and provide pivotal guidance.

Ken’s expertise stems from a high level of experience ranging from organizational restructuring to the management of organizations experiencing rapid start-up growth. Since 2001, Ken has managed due diligence through Final Net Working Capital (FNWC) Settlements on over 200 healthcare transactions – both buy and sell sides. In addition, he has regularly served as Interim CEO, CFO and CRO for a multitude of healthcare clients throughout his career.

As a result of his diverse exposure in the healthcare industry, Ken has a rapid level of understanding when it comes to assessing larger, more complex environments, including integrated delivery systems and publicly traded companies.

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“Spectrum Health Partners Instrumental in UofL Health Winning the “Healthcare Deal of the Year” Award from The Bond Buyer”

Spectrum Role

Kenneth Doran has served as President and CEO of Spectrum Health Partners since the firm’s inception in 2006. As the President and CEO of Spectrum Health Partners, Ken is responsible for the management and success of Spectrum Health Partners operations, including sales/marketing, engagement management, accounting, and information technologies. Ken is also responsible for overseeing Transaction Advisory Services (TAS) and Post Transaction/Wind Down Services.


Due Diligence Reviews • Turnaround Management • Crisis Management • Interim Management Operations Management • Financial Forecasting • Cash Management


Ken began his career with the public accounting firm of Deloitte & Touche before moving to progressive managerial roles in acute healthcare, pharmaceuticals, long-term care institutional pharmacy, home health, drug and alcohol rehabilitation and real estate investment trusts (REITs) settings. He boasts a high level of industry experience in the following areas:

  • Provided transactional support of due diligence, Q of E, working capital settlements, unfavorable contract reviews, and purchase accounting support for more than two hundred distinct transactions with a combined market value in excess of $11.45B
  • Provided transactional support on both the purchase/sale sides
  • Provided integration and managerial support in interim CEO/CFO roles for clients in the process of a purchase transaction
  • Finalized all purchase/sale transactions without any material adjustments to FNCW
  • Finalized all purchase/sale transactions without arbitration or legal proceedings related to FNCW
  • Completed due diligence for a major Academic Medical Center in their quest to purchase a large multi-specialty group practice
  • Completed due diligence for a REIT in their successful acquisition of real estate, building and equipment of a 3-year old hospital asset located in Austin, TX
  • Served as the Financial Advisor to a large, publicly traded company in their acquisition of over one hundred hospitals and the divestiture of over thirty-five acute care hospitals (2001 – current)
  • Served as the Financial Advisor to a new, public company centered in the Substance and Abuse Recovery sector based in Nashville, TN, and assisted the company with their S-10 filing as they successfully went public (Q3 and Q4 – 2014)
  • Served as the Financial Advisor to a mid-size, public hospital management company defining turnaround strategies and operating initiatives in order to achieve greater operating results (Q3—2015)
  • Served as the Financial Advisor to a small hospital in North Carolina that was abruptly closed by a hospital management company and advised the County Board on alternatives to re-establish healthcare in the community (Q3—2015)
  • Served as the Financial Advisor of a start-up REIT in their acute care hospital acquisition strategy and have completed a number of due diligence engagements on potential hospital acquisitions for the client (Q4—2014)
  • Aided in financial and operational restructuring of a privately held healthcare staffing company based in Ohio generating a turnaround culminating in a $150M sale to a large public nurse staffing company
  • Served as a financial advisor to restructuring professionals in defining turnaround strategy and operating initiatives for a large acute care teaching facility in the mid-South
  • Served as the Interim CEO of a large not-for-profit hospital based in Nevada and worked diligently to complete shared services/purchased services arrangements with the hospital’s parent company
  • Lead all financial functions of a private long-term care institutional pharmacy, tripling net revenue in less than three years through internal growth and acquisitions
  • Served as the East Coast Regional CFO for a large, public long-term care institutional pharmacy successfully integrating seven acquisitions into a single region
  • Served as the Interim CEO/CRO of a high-volume surgical hospital in which the role was lengthened from three months to 12 months and involved a successful transaction of the 30% physician ownership interest to a large not-for-profit health system (2013 – mid 2014)
  • Served as General Manager and CFO of the largest company office for a national home care/home infusion provider based in Chicago, IL, actively managing two divisional operations and 125 FTEs
  • Served in permanent CFO/COO roles of acute care hospitals and long-term care pharmacies 

Ken’s recent experience has focused on Interim CFO roles, primarily for acute care hospitals.

  • Assisted a private company with filing Initial Public Offering (IPO) in Q4 of 2014
    • Worked diligently with the company’s General Counsel, outside legal counsel and underwriters to complete all elements of the S-1
    • Engagement resulted in a very successful IPO filing in October 2014 – Priced at $15 and opened at $20
  • Currently working with a group of eight seasoned and experienced healthcare professionals in the establishment of a start-up hospital ownership/management company, Arete Health, which was formed in March 2019 in Tennessee

Education & Affiliations

Ken received a Bachelor’s degree in Business Administration (BBA) from the University of Cincinnati, where he was a member of the Co-Op Professional Practice Program. He is a member of his State Society of CPA’s and a member of the Healthcare Financial Management Association (HFMA).


“Ken Doran has provided the necessary skills to enable our organization to efficiently integrate into our financial reporting process over one hundred (100) general acute care hospitals that CHS has acquired over the past 15 years. His knowledge base and approach to due diligence is a valuable asset in the acquisition process and his ability to complete engagements in a timely manner has provided our organization with a cost-effective solution to the flexibility required in today’s accounting environment. In addition, Ken’s understanding of internal controls and accounting processes and his ability to organize and complete tasks made him a valuable asset to us in completing the documentation phase of Sarbanes-Oxley Section 404 in a timely and efficient manner. Since 2001, Ken and Spectrum Health Partners has assisted CHS in over 25 different types of engagements where their expertise was extremely valuable.”

“Community Health Systems (CHS) and Spectrum Health Partners (SHP) have had a strong strategic relationship for 20 years. CHS has worked with SHP President and CEO Ken Doran and the team he’s assembled through the years as a go-to for assistance with multiple types of facility transactions. The sheer number of transactions over two decades speaks volumes in terms of the deep relationship between CHS and SHP. We have appreciated their commitment to accuracy, efficiency and to helping us achieve our business objectives.”

“Ken and his team assisted us in our IPO filing in Q3 2014. My Investment Banking background and their public company experience enabled us to efficiently manage the month-end/quarter-end closings and file timely. Ken and his team were the resource we needed to transition from a private to a public company–their guidance and knowledge of public companies were critical to our successful IPO. They came onboard and quickly assessed what was needed to be done and then rolled up their sleeves, dug into the weeds and got it done. They easily interfaced with our accounting and leadership teams and delivered on time and on budget. I highly recommend Ken and his team.”

“Quorum Health engaged Spectrum Health Partners (SHP) in March 2021 to evaluate and prepare a Quality of Earnings Report on a targeted acquisition for our health system. I was extremely pleased with the high quality of the report SHP delivered, and also with the value delivered based on their professional fees. SHP’s President and CEO, Ken Doran, and his team prepared and delivered the Quality of Earnings Report six weeks from the start of the engagement, coming in on time and under budget. It’s refreshing to receive such high quality work from an experienced boutique healthcare financial services firm like Spectrum Health Partners at a price point that seemed significantly lower than comparable national firms.”

“Ken Doran and the Spectrum Health Partners (SHP) team were an integral component to the successful outcome of our CommonSpirit Health acquisition – a transaction that was very important not only to University of Louisville (UofL) Health, but to the Louisville metro community at large. Our ability to prevail through arbitration was in large part due to the efforts of SHP. I have known Ken for many years. He is always a pleasure to do business with, and I respect him as a top-notch financial expert in the healthcare mergers and acquisitions arena. I would recommend Ken and SHP to healthcare organizations, without reservation, for any transaction financial consulting needs.”

“In our business, there are firms that you just can’t go wrong hiring. That’s how I feel about Spectrum Health Partners (SHP). Their team brings extensive experience and knowledge of the healthcare industry to each engagement. At University of Louisville (UofL) Health, our experience with the firm has been exceptional in terms of service, attention to detail, timely deliverables, and affordable price.”

I was the Board Chairman of a physician group which managed and jointly owned a highly successful surgical hospital with a large health care system when that system initiated an unexpected take over. The surgical hospital CEO departed and the “shared services” plan with the system broke down. System relations with the physicians became tenuous and negotiations stalled.

Into that difficult situation we brought Ken Doran, President and CEO of Spectrum Health Partners to serve first as Interim CFO and then Interim CEO/CRO. He brought clarity of analysis and insight to the problems. He offered wise counsel to the Physicians/Health System and earned their trust. He was also a dynamic and an innovative CEO. Employee morale was improved and eventually an equitable transaction between the physicians and the system was accomplished.

I worked with Ken for over a year and he became a trusted advisor and friend to both the Physicians and Health System.

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