Cover Oregon hires turnaround expert

Cover Oregon hires turnaround expert

Cover Oregon hires turnaround expert

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by Associated Press

kgw.com

Posted on April 11, 2014 at 1:51 PM

Updated Monday, Apr 21 at 12:54 PM

PORTLAND, Ore. -- The task of getting Oregon's troubled health insurance exchange back on track is now in the hands of a Portland consulting firm that specializes in turning around struggling businesses.

Cover Oregon's board of directors voted this week to hire Hamstreet & Associates to take over the day-to-day duties of executive director.

The firm will also assess the organization's business operations and financial management, and recommend a restructuring plan.

Founder Clyde Hamstreet has more than 20 years of experience with complex turnarounds, according to a biography on the firm's website.

Hamstreet led the restructuring of Sunwest Management Inc., a Salem company that owned a chain of senior living facilities that went bankrupt.

A search panel is scheduled to recommend a permanent director at the end of May.

 

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