Duff & Phelps hires two for healthcare M&A advisory practice

Valuation and corporate finance adviser Duff & Phelps has beefed up its healthcare M&A advisory practice with two new additions. Joining the team are Phil Smith as managing director and Adam Stormoen as director. Both are based in the firm’s Minneapolis office.


New York April 11, 2017 – Duff & Phelps, the premier global valuation and corporate finance advisor, has announced the expansion of its Healthcare M&A Advisory Practice with the addition of Managing Director Phil Smith and Director Adam Stormoen. Smith and Stormoen are based in Duff & Phelps’ Minneapolis office. With six senior professionals, healthcare is one of Duff & Phelps’ fastest growing Corporate Finance industry verticals.

Bob Bartell, Global Head of Corporate Finance, commented, “We are pleased Phil and Adam joined our Healthcare M&A Advisory practice. Phil brings significant industry knowledge – as both an advisor and healthcare executive – which will be invaluable to our clients.” Bob added, “Adam’s focused expertise in the medical device, diagnostic, healthcare service and healthcare IT sectors complements our existing capabilities and transaction experience.”

Smith has more than 25 years of healthcare transaction experience as an M&A advisor and as an executive officer of healthcare operating companies. He has expertise advising public and private companies as well as private equity firms, and his transaction experience includes medical devices, medical equipment and healthcare services. Phil has served on boards both as an independent director and as CEO.

Stormoen has more than 15 years of experience in both buy-side and sell-side M&A transactions and in raising public and private capital for medical device, diagnostic, healthcare service and healthcare IT companies. Throughout his career, Adam has advised on more than 30 M&A transactions and has been involved in more than 40 capital raises that resulted in over $3 billion in new capital.

About Duff & Phelps
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute and legal management consulting, M&A, restructuring, and compliance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world. For more information, visit www.duffandphelps.com.