HUGO PAPA, CPA
BA St. Peter's College, MBA Fairleigh Dickinson University - Accounting and Taxation
U.S. Army Veteran - HHD 11th Special Forces Group (Airborne)
Leading Customer to success-In the early 80s one of his clients, Newark Beth Israel Health System, a leading NJ hospital came to him with a desire to reach out to the urban community to make health care accessible. Together with one of their practicing physicians, he conceptualized this idea, did the financial projections and budgeting. It was presented to the Board of Trustees, approved and budgeted. It became one of the first off site Geriatric Healthcare Centers in the country. This model was met with such success that the Board of Trustees used it as a prototype and mandated other departments to follow suit. This was the precursor to what we know today as urgent care centers, surgery centers, etc.
Real-Estate Development Successes -After the sale of his accounting practice, Hugo was a partner with Paragon Investment Advisors, a financial consulting firm, advising clients on diversified investments most notably commercial real estate developments. He provided his clients, major development companies in Southwest Florida, advice on land use management, acquisition and disposition planning, and financial projections. These sites ranged in size from 10,000 to 100,000 sq ft.
Innovative Businesses Enterprises-Establishment of a medical consortium known as Tristar Medical Solutions. This was conceived to provide orthopedic surgeons an outlet for their implant and/or surgical instrumentation inventions to be developed, marketed and/or manufactured. As President and CEO, Hugo developed a proprietary valuation analysis for intellectual property. He established a network of relationships with orthopedic physicians, patent attorneys and the University of Florida, Gainesville, Research Hub. As a result he owns several medical implant and instrumentation patents.
Prudent Leadership -CFO and Joint Owner of a medical device manufacturer. His mandate was to identify the critical initiatives needed to take the company to the next level. Among these initiatives, the most significant was the establishment of an innovation and engineering cell specializing in prototype to full product development for medical devices and pharmaceutical packaging. This cell provides a quick solution to large corporations in expediting concept development. Bayer Pharmaceuticals is one prominent client utilizing their innovations in plants worldwide.
Engaged Opportunities -Became partner and CEO of a precision machining manufacturer specializing in low-cost/high-production runs. Company was sold.
Focused Financial Consulting –Presently, Managing Partner H PAPA & ASSOCIATES, a CPA and advisory firm focusing on taxation and business growth strategies. The services offered include but are not limited to tax and retirement planning, business sales and acquisitions. Founding Partner HPA FINANCIAL GROUP, a Registered Investment Advisor.