Tuesday, December 21, 2010

Alumni Update: Sheehan Named CFO at Healthcare Company

IntegraMed America Inc., a leader in developing, marketing and managing specialty healthcare facilities in the fertility and vein care markets, announced that John Hlywak, Jr. will retire as chief financial officer at yearend. Additionally, the Purchase, N.Y., company said that Timothy Sheehan, would serve as CFO on an interim basis.

“We are fortunate to have sufficient depth in our financial team to be able to transition the CFO role,” said Jay Higham, IntegraMed’s CEO, in a press release. “Tim has a strong, well-rounded finance and operational background with health care experience. … These factors, in addition to his significant public company experience, made us confident in his ability to handle the CFO function on an interim basis over the next few quarters.

Sheehan joined IntegraMed as vice president of finance in January, and in this role he managed the corporate accounting and finance functions. Tim previously served as the CFO of Scale Finance LLC, a Winston-Salem provider of outsourced CFO services to emerging growth companies.

His prior role was as vice president of corporate development at MINRAD International, an AMEX-traded manufacturer of medical devices and specialty pharmaceuticals where he managed the corporate development, product registration and customer service groups, in addition to his responsibility for investor relations, SEC reporting and capital raising.

Tim is a CPA and earned Bachelor of Science degrees in Finance and Accounting at Virginia Tech and an MBA with distinction from the Wake Forest University Schools of Business.

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