To: Board of Supervisors
From: Anna Roth, Health Services Director
Report Title: Ratify Contract #23-861 with Alvarez & Marsal Healthcare Industry Group, LLC
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
RATIFY the execution of a contract with Alvarez & Marsal Healthcare Industry Group, LLC ("Alvarez & Marsal"), a limited liability company, in an amount not to exceed $6,139,200 to provide interim Chief Financial Officer services, including management of all day-to-day financial operations of the Health Services Department for the period October 1, 2024 through September 30, 2025.
FISCAL IMPACT:
Approval of this Contract will result in an amount not to exceed $6,139,200 and will be funded as budgeted by the department (20% Hospital Enterprise Fund I, 80% Contra Costa Health Plan Enterprise Fund II).
BACKGROUND:
On September 10, 2024, the Board of Supervisors approved Contract #23-861 with Alvarez & Marsal Healthcare Industry Group, LLC, in an amount not to exceed $6,139,200 to provide interim Chief Financial Officer services, including management of all day-to-day financial operations for the Health Services Department, for the period October 1, 2024 through September 30, 2025. Following the September 10, 2024 Board meeting, the Health Services Department engaged in significant negotiations with the contractor, primarily regarding the allocation of risk between the County and Alvarez & Marsal. Approval of this Board Order will ratify the execution of the contract with the following provisions related to indemnification and liability:
a. The County shall indemnify the Alvarez & Marsal employees acting as officers (Brian Buchanan and Ceci Arriera) to the same extent as the most favorable indemnification it extends to county employees;
b. The County agrees to indemnify and hold harmless each Alvarez & Marsal, its affiliates and their respective shareholders, members, managers, employees, agents, representa...
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