Case Study
Multi-site, multi-state eating disorder, drug & alcohol treatment provider
Private equity owned behavioral healthcare provider in transition
Project Needs
- Interim Chief Financial Officer to provide guidance & stability during the Chapter 11 Bankruptcy process
- Manage day-to-day operational requirements of Debtor-in-Possession (DIP) funding
- Amalgamation of holding/acquisition company, DIP assets, and additional contributed companies into new company
- Post-amalgamation recapitalization
Client Motivation
- Expedite bankruptcy process, reducing DIP funding
- Significantly reduce underperforming facilities/locations and reject unnecessary contractual/lease obligations
- Eliminate all operational inefficiencies that lead to bankruptcy
Deliverables
- Successfully eliminated 35% of OPEX by a combination of contract rejection & operational reductions
- Successfully negotiated post-amalgamation funding
