Top CFOs to watch in 2022: CNSI’s David Adams
Chief Financial Officer and Executive Vice President, CNSI
David Adams’ recent achievement as CFO was his significant contribution in the month of December 2021 acquisition of CNSI by Carlyle of private equity firm Alvarez & Marsal Capital Partners.
“Dave was instrumental in helping plan and execute the successful transaction with Carlyle last December,” said Todd Stottlemyer, CEO of CNSI. “His M&A and extensive industry experience were key to the sale’s success.”
The acquisition of CNSI was the largest dollar sale in AMCP’s fund. The CNSI team closed 2021 with double-digit revenue growth and consistently grew double-digits during AMCP ownership, reaching approximately $200 million in revenue with a focus on organic growth and exquisite execution for CNSI’s state and federal healthcare customers.
The team’s timely and accurate financial reporting was key to CNSI’s acquisition last year, but that only tells half the story and is a basic “block and struggle,” Adams said. .
“The team continues to redefine what and how we do things so we can scale with CNSI,” he said. “In addition to our successful year on the balance sheet, the CFO organization (Finance and Accounting, Purchasing, Contracts and Facilities) was one of CNSI’s top-rated teams in the Gallup Employee Engagement Survey. 2021. We live by our core value “One Team, #ONECNSI”.
In 2022, CNSI is strongly focused on its 5-year goal of achieving over $1 billion in annual revenue through strong organic growth and strategic acquisitions.
The company’s journey to become the market leader in public sector health technology is well underway. The team will be very active in 2022 supporting significant organic growth and participating in strategic acquisitions.
“Our operations, technology and sales teams are clearly the driving forces behind CNSI’s financial achievements,” Adams said. “The CFO organization’s support of these functions ensures that CNSI continues to be a trusted partner for government agencies. We are united in a common goal of exquisite execution as we empower the delivery of public sector healthcare.