David Cyganowski, who joined Kaufman Hall as a Managing Director in September 2011, is recognized as one of the nation’s leading healthcare professionals. With 30 years of senior experience in healthcare, he has extensive and specific expertise in strategy, mergers, affiliations, and corporate capital finance. Mr. Cyganowski directs the firm’s New York office, using that location as a base to advise hospitals, health systems, and other healthcare organizations nationwide. He is known for his candor, objectivity, and creativity in advising Boards of Directors, Chief Executive Officers, and their leadership teams as they develop, evaluate, and execute "New Era" growth strategies.
Mr. Cyganowski formerly was the Managing Director and Co-Head of the Health Care Group at Citigroup Global Markets, with responsibility for working with not-for-profit hospitals, healthcare systems, and managed care organizations across the country, and directing Wall Street’s largest healthcare practice exclusively devoted to the not-for-profit sector. During his tenure, Citi ranked first in senior managed healthcare financings during 14 out of 16 years. Prior to joining Citi in 1995, he managed the healthcare practice at Credit Suisse First Boston.
During his 30 years of investment banking experience, Mr. Cyganowski served as senior banker for mergers, affiliations, and partnerships with an aggregate deal value of $15 billion and more than $35 billion of debt financings. He led the Citi team that represented eight not-for-profit healthcare systems in their successful acquisition of 21 hospitals from Columbia/HCA for $1.2 billion, the largest-ever acquisition of investor-owned hospital assets by not-for-profit systems. Mr. Cyganowski was also one of the original architects of the Annual Non-Profit Health Care Investor Conference, jointly sponsored by the American Hospital Association, Healthcare Financial Management Association, and Citigroup.
Mr. Cyganowski is a frequent speaker at healthcare conferences and board retreats. He is a member of the Board of Directors of Western Connecticut Healthcare Network, and is its current Finance Committee Chair. A native of Chicago, Mr. Cyganowski received an M.B.A. from Northwestern University’s Kellogg Graduate School of Management.