Healthcare
The healthcare industry is in a state of transition with a confluence of regulatory, legislative, and provider related drivers. We expect this systemic change will continue and cause further pressure on profits and cash flow.
Our Healthcare industry experience is based on operating experience with an orthopedic medical device turnaround. We understand the entire device value chain, from the contract manufacturer through the independent distributor to the O.R. Our team has even recruited surgeons to join advisory boards. Our knowledge is deep and includes an understanding of the 510k process and FDA examinations. Our engagements bring the goal of operating turnarounds and financial restructuring.
Our professionals have worked with private equity sponsored companies and understand the unique circumstances this generates. Our experiences include raising preferred and common stock equity, including the financial impact on dilution from downrounds. Our advisory services also include all aspects of financing including senior and mezzanine financing.
Our practice also expands to other health care services including long-term care and residential facilities, surgery centers, and impacted healthcare players of all types.
Our restructuring projects focus on:
- Developing and implementing EBITDA initiatives
- Developing and filing a plan of reorganization
- Arranging DIP (debtor in possession) financing
- Negotiating with vendors
- Establishing a more efficient cash management system
- Enhancing the value of assets and to attract potential buyers
- Stabilizing the work place and re-instilling confidence
- Restoring and building physician confidence
- Improving quality throughout the value chain