Get to Know the East 57th Street Partners Executive Network: Steve Armond, CPA, MBA

Steve Armond is an accomplished financial and operations executive with extensive leadership experience across healthcare, technology, and manufacturing sectors. His career is marked by significant achievements in both public and private businesses, with a strong focus on Private Equity backed companies. Steve has led numerous M&A activities, corporate integrations, and turnaround efforts for distressed companies, demonstrating a unique ability to drive organizational success and value creation.

Professional Journey and Key Achievements

Steve's recent role as Chief Financial Officer at Blended Health?in Dallas, Texas, highlights his expertise in financial restructuring and strategic leadership. He managed a cross-functional team, completed the carve-out and divestiture of a business unit, restructured the revenue cycle management team, and led corporate restructuring efforts that eliminated $10M in excess costs.

At HealthTrackRx?in Denton, Texas, Steve oversaw the business services team and restructured the RCM team, generating significant cash collections during the COVID-19 pandemic. He also built and restructured the finance team, managed multiple audits, and improved the capital structure by retiring all debt and securing a $25M credit facility.

During his tenure as Chief Financial Officer at Solis Mammography?in Dallas, Texas, Steve created new joint ventures, opened new locations, and ensured the company’s financial stability through the pandemic. His efforts in billing operations and fiscal management restored the company's financial integrity.

Earlier in his career, Steve held executive roles at Abeo, Inc., T-System, Inc., and American CareSource Holdings, Inc., where he led financial operations, managed large teams, and drove significant growth and profitability. At Data Return, LLC., he successfully led the company through a strategic carve-out and subsequent sale, achieving a 400% return on investment.

Education and Certifications

Steve holds an MBA with concentrations in Finance and Economics from The University of Chicago Graduate School of Business and a Bachelor of Science in Accounting from Purdue University. He is a Certified Public Accountant (CPA) in Illinois and a Certified Scrum Master and Product Owner.

Awards and Memberships

Steve has been recognized with several prestigious awards, including the 2018 D CEO Outstanding CFO and the 2018 Dallas Business Journal CFO of the Year. He is a member of Financial Executives International (FEI), HFMA, AICPA, and the Illinois and Texas CPA Societies.

Steve Armond’s vast experience and proven track record make him an invaluable member of the East 57th Street Partners Executive Network. His dynamic leadership and expertise in financial and operational management continue to drive success and growth across various industries.

For more information or to connect with Steve, please visit his LinkedIn profile. Steve Armond

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