Case Studies

Bankruptcy Advisory for Long-Term Care Provider

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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Home·Bankruptcy Advisory for Long-Term Care Provider

The Situation

A Long-Term Care Provider operating fifty facilities in Texas and California with net revenues exceeding $300M annually.

Suffering from financial underperformance and liquidity issues, the organization restructured under Chapter 11 bankruptcy in an effort to materially improve its operating margins and cash generation.

How We Advised

Our team took control of all cash forecasting and cash management functions, significantly improving liquidity and the overall cash position. Significant improvements in EBITDA were made as the cost structure of the restructured organization improved, and the client ultimately emerged from bankruptcy as a fully viable going concern.

Key Contact

Brian F. Gleason, CTP 
Senior Managing Director 
Strategic Advisory Practice 
+1 610 659 8118 
[email protected] 

Related Practice Areas

> Bankruptcy Advisory 
Navigating bankruptcy is inherently complex, often involving struggling businesses, litigation, incomplete or inaccurate financial records, potential fraud, and other challenges, in addition to strict court-mandated processes. Our experienced team of turnaround and restructuring experts seamlessly guides clients throughout the process to optimize outcomes for lenders, creditors, shareholders, and employees. 

 

> Liquidity Management 
For companies in distress or undergoing rapid growth, ensuring sufficient cash flow to support operations requires a methodical approach to liquidity management marked by multi-department input, cross-constituent communication, prioritization, and negotiation. 

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