HUNTSVILLE, ALABAMA – Madison Core Laboratories, LLC (MCL) announces the appointment of Jerry C. Smith, a seasoned financial executive, as Chief Financial Officer (“CFO”). 

Smith brings to MCL a CPA background and over 25 years of experience in finance, accounting, revenue cycle management, and mergers and acquisitions in multiple sectors of healthcare and technology. He most recently served as Interim Chief Financial Officer of Legacy Hospice, LLC on behalf of Prairie Capital, L.P. a Chicago-based private equity firm. 

“Jerry’s deep and extensive experience in leading the financial operations of healthcare businesses, and knowledge of complex revenue cycle management make him a great fit as the Company’s CFO. His proven track record of driving revenue growth will be instrumental as we continue to position the Company for the future,” said Carlo Crespo, MD, Chief Executive Officer of MCL.

During his career, Smith has successfully served in CFO and senior-level positions. From 2013-2021, Smith was associated with early-stage rapid-growth MedWorksRx as CFO. MedWorksRx developed into Proxsys Rx, a comprehensive outpatient pharmacy solution for healthcare organizations. Between 2009 and 2011, Smith was CFO at Proxsys LLC, which was acquired by Athenahealth, a leading provider of cloud-based business services for physician practices and hospitals. He continued with Athenahealth as Vice President, Finance, and later served as Director of Enterprise Strategy for the organization. In this role, he dealt with both physicians and hospitals for their revenue management solutions. 

Smith’s healthcare experience also includes serving with St. Vincent’s Health System as Vice President, Finance and Director, Business Services, and Senior Vice President, Chief Financial Officer of USA Healthcare LLC. 

Smith holds a Bachelor of Science (BS), Accounting, cum laude from Samford University, Birmingham, AL. He is a Certified Public Accountant (CPA), Inactive and a Fellow (MHA Equivalent) of the Healthcare Advisory Board, Washington.

About Madison Core Laboratories:

Madison Core Laboratories is one of the leading independent laboratories in Alabama. We provide extensive laboratory services using state-of-the-art testing equipment to provide our clients with the latest innovations in the laboratory spectrum. Our clients include physician offices, long-term care facilities, assisted living facilities, homebound patients, and industrial/corporate testing needs. MCL is the only independent reference laboratory in the State of Alabama that offers mobile phlebotomy, molecular diagnostics, routine blood, urine, and toxicology testing all under one organization. The Company was recently recognized by Inc. Magazine as one of the Fastest-Growing Private Companies in the Southeast Region.

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Martha Donze, Vice President, Strategy and Business Operations

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