VNA California
Confirmation of Chapter 11 Plan of Reorganization
Largest hospice and home health care provider serving Riverside County, CA
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From the newsroom
Force 10 provided a Chief Restructuring Officer and financial advisory services to the Debtor, a hospice and home health care provider, guiding the company to become cash flow positive. We then oversaw the sale of its business segments during the COVID-19 pandemic while maintaining uninterrupted patient care.
Working with the retained management company, Force 10 assessed VNA’s operations and identified areas of inefficiency and potential for improvement. The team implemented strategic cost-cutting measures, streamlined administrative processes, and optimized resource allocation. These efforts resulted in tangible operating improvements, enhancing VNA’s overall financial performance and positioning it for a successful 363 sale.
Bristol Hospice, a reputable multi-state hospice provider with an expanding presence on the West Coast, acquired VNA’s hospice operations.
HealthSure Management Services, a provider operating throughout Southern California, acquired VNA’s home health operations.
The successful sale of VNA’s hospice and home health operations represented a significant milestone in the Chapter 11 bankruptcy process. It provided creditors with a recovery, preserved jobs, and ensured the continuity of critical healthcare services for the community.
