Turnaround expert takes on Cover Oregon

Cover Oregon hosted enrollment fairs Thursday, March 27 and Friday, March 28 (KOIN)
Cover Oregon hosted enrollment fairs Thursday, March 27 and Friday, March 28 (KOIN)

PORTLAND, Ore. (AP) – 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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