Financial advisor to Chapter 11 Debtors. Reorganization accomplished.
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Healthcare
Today’s healthcare landscape can be hostile to sustainable business success. Our expertise in healthcare allows Force 10 to guide clients in transforming adversity into opportunity.
Hospitals and other healthcare delivery systems face gale-force headwinds from economic, demographic, and regulatory forces that affect the environment in which they operate. Not surprisingly, these adverse business conditions are placing an increasing number of hospitals and healthcare systems in financial distress, creating a need for swift, decisive, fully-informed actions. Force 10 works with healthcare businesses to right the ship and plot a course to long-term viability and growth.
Sub-sectors:
- Skilled nursing facilities
- Behavioral healthcare
- Ambulatory surgical centers
- Urgent care facilities
- Physician groups
- For-profit and not-for-profit hospital systems
- Other providers and payors
Healthcare Engagements
Force 10 negotiated cash collateral with secured lender to collect outstanding receivables while Force 10 conducted an orderly wind down of operations. Force 10 then supported Chapter 7 trustee in various avoidance actions.
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Served as Receiver to effectuate a Chapter 11 Plan of Reorganization.
Learn more »Force 10 professionals took over operations, facilitated scheduled procedures, and oversaw orderly winddown.
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As financial advisor, we helped stabilize and return the business to profitability, facilitating a successful sale.
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Chapter 9 Reorganization to maintain continuity of healthcare in rural district.
Learn more »As financial advisor, we assisted in negotiating a consensual Plan of Reorganization with muni bondholders, the PBGC, and unsecured creditors through issuing new tax-exempt debt.
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Served as CRO and FA. Turned Debtor cash flow positive. Oversaw sale of each business segment to two different buyers during COVID-19 to maintain patient care. Paid all secured debt via a Chapter 11 Plan.
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Hospital is plagued by ongoing losses, while the community requires local care. Hospital district formation in process to facilitate a reorganization whereby the district will take over the facilities and operations.
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