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Executive Vice President - Select Consulting Group

Bob Bancroft’s 34-year business career includes serving as President, Chief Financial Officer and Chief Operating Officer of start-up, emerging growth. family-owned and private companies in the healthcare, manu-facturing & distribution, and eCommerce segments. He is a change driven, seasoned healthcare executive with a powerful dual-track career in finance, accounting, and information systems combined with sales, marketing, and operations.

Bob is a financial and operations executive who has created high performance integrated finance organizations with internal controls, analytics, reporting and accountabilities focused on achieving and supporting rapid, profitable growth of the company’s operations as a whole. He has demonstrated an ability to reduce costs, improve efficiency, and increase profits while serving in both operating and finance roles. Bob is a strong communicator across departments, problem solver, team builder, and negotiator.

At Select Consulting Group, Bob leverages his considerable business acumen by providing strategic and operating leadership to our clients as a consulting CFO.

Professional Experience and Successes include:

As Controller, VP of Finance and CFO at Zee Medical, a $110 million subsidiary of McKesson, he led major financial, operations and information systems implementations as well as key acquisitions of highly profitable businesses resulting in Zee Medical becoming the 2nd most profitable business unit of McKesson’s ($179 billion revenues) large conglomeration of companies.

As CFO/COO of Walsh Healthcare Solutions, he managed a 79% hyper-growth in sales and support systems, in just 18 months, of a $1.1 billion wholesale drug company while simultaneously negotiating a $135 million line-of-credit with 7 major banks to sustain growth. He built and implemented a high performance financial organization throughout the entire organization (corporate and 4 large distribution centers) including customer profitability analysis, cash management, internal controls, analytics, reporting, and management accountability.

As President/COO of MedicineNet, he drove the start-up eCommerce healthcare company from negative cashflow to a highly profitable “” through exponential growth in internet traffic by marketing and search engine optimizing its vast healthcare content (64,000+ articles, 1.2 billion page-views annually, 70+ practicing MDs). The hypergrowth in revenues plus incredibly scalable profit margins lead to the sale of the company to WebMD. Dramatic growth continued in 1st year of integration with WebMD, leading to 2nd payoff to investors plus participation in WebMD’s IPO.

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