Raymond Berglund

Raymond Berglund is a Managing Director at Alvarez & Marsal Healthcare & Life Sciences in London. He heads the European Healthcare & Life Sciences practice.

Mr. Berglund brings 17 years of experience in transformation, turnaround and financial leadership in medical device and healthcare organisations. Focusing on top-and bottom-line performance, he has led growth and commercial operations transformations, cost reduction initiatives, organisational transformations and acquisition integration in corporate and private-equity-owned businesses. He is known as a hands-on leader, and often takes interim leadership roles to partner with senior leadership and drive sustainable change.

Mr. Berglund’s notable recent healthcare transformation engagements include overhauling finance and procurement for the largest UAE private healthcare provider and leading the design and implementation of a new operating model for the leading UK care home operator, with 300 facilities, 14,000 residents, and 16,000 employees. In the medical device field, he recently managed the turnaround of the European commercial region for a global wound care leader through indirect and direct sales channel organisational change, implementing pricing and contracting controls, and strengthening the finance and commercial organisations. He has also been a speaker at Guy’s & St. Thomas Innovation Day, MedTech by Advamed and Dreamforce.

Previously, Mr. Berglund led the transformation of portfolio management of wound care and orthopaedic companies while serving as the finance leader for the companies. Under his leadership, improvements in the R&D process meant that the pace of innovation and new product output grew from four to twenty product launches in two years. Mr. Berglund also established global shared services in a medical device business, along with sales growth initiatives, including orthopaedic customer targeting, and inventory reductions of 100 million by implementing global supply chain changes.

Prior to joining A&M, Mr. Berglund was the Commercial & Innovation CFO at KCI in the wound care industry and VP of Global Business Services and VP of Finance at Smith & Nephew. He began his career at GE, serving as CFO of Respiratory at GE Healthcare, Audit Manager of GE Corporate Audit Staff and Operations Management at GE Transportation.

Mr. Berglund earned a bachelor’s degree in engineering and management from Clarkson University.