CAMBRIDGE, Mass., June, 13, 2016 – Danforth Advisors, LLC, a consulting firm that provides accounting, financial and human resources solutions for life sciences companies, announced today that Bill Romeo has joined the firm as Managing Director. Mr. Romeo will be leading the firm’s new digital health/healthcare technology practice that will provide financial and operational guidance to companies ranging from newly funded startups to public companies in the healthcare technology sector.
Digital health is a drastically transformative sector at the intersection of healthcare and information technology. The sector spans a variety of technologies including electronic health records, consumer wearable devices, care systems, payment management, Big Data analytics and telemedicine.
“The expansion into digital health represents an important part of Danforth’s growth strategy, and we are committed to servicing innovative companies on the leading edge of healthcare,” said Gregg Beloff, co-Founder and Managing Director of Danforth Advisors. “We are delighted to have Bill join our team, and we look forward to leveraging Bill’s extensive experience in healthcare technology, digital health, and life science companies.”
“I am thrilled to be joining Danforth at this exciting time,” said Mr. Romeo. “I really look forward to helping Danforth extend its strong brand and reach, and to provide the highest quality strategy, financial consulting and advisory services to clients in the digital health and healthcare technology sectors.”
With over 25 years of strategic, financial and operational management experience, Bill has successfully navigated several companies through rapid growth. Bill’s broad experience includes executive leadership with high growth and commercially driven Healthcare Technology and Life Sciences companies such as Humedica (sold to UnitedHealth), NaviNet (sold to NantHealth), SynapDx and ZappRx. Bill is recognized for scaling, managing and leading rapidly growing health technology companies and has a successful history of financing via public/private equity transactions, raising more than $300 million.
About Danforth Advisors
Danforth Advisors, LLC is a consulting firm that provides integrated finance, accounting and human resource solutions to life science companies across all phases of the corporate life cycle. Danforth uses a modular service model—flexible, scalable, and capital-efficient – to uniquely address each client’s needs. Danforth leverages a team of more than 30 professionals, with deep, specialized experience in the areas of financial management, accounting administration, financial planning & analysis, strategic advisory and human resources. Our services are provided on a part-time basis for early stage growth entities, an interim basis during periods of transition, or on a project basis to support a transaction or other strategic initiatives. It is our goal to be the operational backbone of an organization so that our clients can focus on driving science and technology value for their stakeholders. For more information, please visit http://www.danforthadvisors.com.