turnaround advisors New York

Sara Tirschwell

Sara Tirschwell, CFA, CVA, is a Managing Director of Quest and brings to her assignments extensive experience successfully investing in, restructuring and turning around distressed companies over the past 30 years.


As Chief Executive Officer, Sara recently completed the successful turnaround of YesCare Corp, the former Corizon Health.  She led operational, cultural and reputational change, restoring and repairing relations with State DOC and County counterparties throughout the US.  Under Sara's leadership, YesCare increased revenues by over 60%, settled long-standing contractual disputes with clients, and revamped compensation and hiring techniques in the highly competitive market for healthcare personnel.  Sara currently serves as a Director and Chair of the Budget and Audit Committee on the board of Atlas Marketplace & Delivery LLC, a privately-held transportation and logistics company with operations throughout New England.


Prior to YesCare, previous projects included serving as Chief Restructuring Officer for a multi-national tier 2 automotive supplier and serving as Interim Chief Financial Officer of a privately-owned for-profit addiction treatment company


Sara spent 29 years in distressed underwriting, trading and investing.  She has been a portfolio manager, a partner in a start-up hedge fund and a long-time participant in the distressed debt field since 1989.  Sara is well-regarded as recognizing value early and devising strategies to maximize returns. She has extensive industry knowledge, having invested in financials, healthcare, telecom, homebuilders, building products, shipping, chemicals, retailers, energy, infrastructure and industrials in the US, Europe and Latin America.


Sara spent the largest portion of her career in distressed finance as a Managing Director at Davidson Kempner Capital Management, fka MH Davidson.  She led the firm’s investments in complex distressed situations such as Washington Mutual, Smurfit Stone, Hostess, Southedge, Rescap, Horizon Lines and PDVSA/Venezuela, among many others.  Notably, Ms. Tirschwell organized and led a bankruptcy litigation strategy against Vitro, SA, ultimately causing Mexico to overhaul its insolvency laws.


Sara graduated from Rice University with an Economics degree in 1987 after spending her childhood in Corpus Christi, TX.  She started her career in distressed finance at R.D. Smith, as the Drexel-induced high yield bubble was bursting.  Sara became a pioneer in distressed bank loan trading, leading the creation of an efficient marketplace for distressed and stressed term loans and the innovation of a mechanism for transacting revolving credit facilities.  She has led and participated on dozens of creditor committees, collaborated with the Loan Syndications and Trading Association, Senate Judiciary Committee and Managed Funds Association, spoken on panels for the Turnaround Management Association and has been a guest lecturer on the subject of bankruptcy investing.




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