BofA’s Ditkoff Hired by Alvarez & Marsal for Health Care
Charlie Ditkoff, a Bank of America Corp. (BAC) executive who specialized in the health care industry, was hired by restructuring firm Alvarez & Marsal as President Barack Obama’s medical-insurance law takes effect.
Ditkoff, 50, joined A&M as a senior adviser, the New York- based company said today in a statement. He previously worked as head of global health care corporate and investment banking at Bank of America Merrill Lynch.
The U.S. Supreme Court last month upheld the Patient Protection and Affordable Care Act, which requires Americans to get insurance or pay a penalty. Ditkoff’s experience at Bank of America and earlier work focusing on health-industry deals at Morgan Stanley (MS) and Credit Suisse First Boston, “significantly augments our global offerings,” A&M co-Chief Executive Officer Bryan Marsal said in the statement.
Ditkoff said he has covered the industry for almost 20 years and helped health care firms make decisions about which businesses to enter.
“I have a pretty good idea of how the companies are thinking about the future of health care, and knowing how companies think will be relevant for all of Alvarez’s clients,” he said in a telephone interview.
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