“It’s refreshing to be part of a team that has such diverse skill sets. It allows us to yield creative, alternative solutions for our clients.”
Areas of Expertise
- US Family Health Plan
- Home Care Plus, Inc.
- The Brookdale University Hospital and Medical Center
- Interfaith Medical Center
- Milford Health and Medical, Inc.
- Saint Vincents Catholic Medical Centers of New York
Publications and Recognitions
Christopher P. Karambelas is a Managing Director of ToneyKorf Partners with 15 years of experience in healthcare advisory, finance, bankruptcy, and restructuring across various industries, including automotive, healthcare, manufacturing, oil and gas, real estate, and retail. The advisory space is an ever-changing, dynamic environment and Chris’ clients rely on him to not only think strategically on their behalf, but to get things done under often unpredictable conditions.
Since joining ToneyKorf Partners in 2015, Chris has served in various interim management and advisory roles. His most notable engagements include Milford Health & Medical, Brookdale Hospital Medical Center, and Saint Vincents Catholic Medical Centers of New York.
During his time at Milford, Chris served as an executive leader, overseeing all non-clinical daily operations, while also planning and executing the operational integration into a large regional health system. Chris’ turnaround efforts included developing the capital replacement plan, leading the IT implementation and integration efforts for a new Electronic Medical Record system, and completing the turnaround and sale of a Home Health Care Agency, a subsidiary of Milford.
While at Brookdale, Chris served in several leadership roles in IT, Finance, Operations, Facilities, and Engineering. His role as the Chief Information Officer was his most prominent contribution to the organization during his tenure, overseeing all IT operations at the executive level. Chris was also involved in creating Brookdale’s strategic forecast for organizational growth, along with significantly contributing to the development and planning for One Brooklyn Health, a $700M plan to create a three-hospital system in Brooklyn, NY.
Currently, Chris is a member of the senior leadership team at Saint Vincents, which presently operates a managed care plan that provides benefits on behalf of the Department of Defense. Chris was brought in to lead various special projects in the organization, including implementing major IT applications, restructuring clinical operations, and overseeing the transition of Saint Vincent’s claims administrator to a new vendor.
Chris is a Certified Insolvency and Restructuring Advisor and a Certified Healthcare Financial Professional. He is a member of the Association of Insolvency and Restructuring Advisors, Healthcare Financial Management Association, American Bankruptcy Institute, and the Turnaround Management Association. He holds an Associate of Science Degree in Computer Engineering from Vermont Technical College and a Bachelor of Science in Business Administration from Northeastern University, with a concentration in Finance and Accounting.
In 2021, Chris was honored as a recipient of The M&A Advisor’s Emerging Leader Award, recognizing his expertise and achievements in restructuring, turnaround, operations, leadership, and community service while still under the age of 40.
Get to Know Chris
Giving back: Chris is currently a member of the Board of Directors for Good Grief, a non-profit organization dedicated to supporting grieving children by building their resilience, strengthening families, and empowering communities to grow from loss and adversity.
What I do outside of work: I love to be outdoors, skiing, biking, hiking, loving the mountains as well as the shore. Traveling to all these locations is also exhilarating as I thoroughly enjoy driving. Well, all but city driving, of course.
My passion: Food, good food. I have always had a well-developed palate. My parents like to remind me that I asked for lobster for my birthday dinner when I was six years old. Of course, good food is always paired with fine wine. I have attended seminars on assorted wines and wine regions, which only enhanced my fascination with wines.
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