NYSE ER Operator

Client was contracted to operate 400+ emergency rooms. In addition, the company had three HMO’s, a billing company, 14 primary care clinics, and a government contracting division providing healthcare at certain military installations. ​

Bank Group – Continuing Care Retirement Communities​

A religiously affiliated organization developed and built a 53-story high-rise continuing care retirement facility with 248 living units in an urban location. However, due to market economics, it was only able to fill 82 units resulting in a default on the bonds and a draw on the letter of credit. The facility was built on land leased from an affiliate of the religious organization that complicated alternative use options. ​

Physician Practices​

An operator of 180 physician practices across seven states needed an interim CFO while it searched for a permanent CFO. The Company had made fifteen acquisitions of practices over the prior 18-month period and was looking to add additional practices. Integrating the practices to the billing, payroll, and payable system as well as closing the financials on a timely basis and providing forecasted cash flow to the private equity owner were key responsibilities of the CFO. ​

Skilled Nursing Facility Operator​

An operator of 80 SNFs faced negotiations with HHS over fraudulent billing; negotiations with its revolver lender; and senior subordinated credit holders.​ Management was looking for a CRO that would work with the management team/owners to solve significant financial problems. Issues included excessive operating costs and employee retention, as well as care issues impacting Star Ratings. ​