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Force 10 Partners

An advisory firm specializing in corporate restructuring, challenged businesses, litigation, and other special situations.

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Engagement

Watsonville Hospital

Pending Chapter 11 Reorganization

Watsonville Community Hospital

Watsonville Hospital is a general hospital in Watsonville, CA, a rural, agriculture community.

Industries

  • Healthcare
  • Hospitals

Expertise

  • Chief Restructuring Officer
  • Corporate Restructuring
  • Debtor Financial Advisor
  • Turnaround & Crisis Management

From the newsroom

  • Force 10 Partners Sell Watsonville Community Hospital and its Plan Becomes Effective, Securing a Fresh Start for the Long-Struggling Hospital
  • Force Ten Partners Helps Secure Bankruptcy Court Approval of Sale of Watsonville Community Hospital and Position Long-Struggling Hospital for Financial and Operational Turnaround

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.

Watsonville Hospital Corporation filed Chapter 11 bankruptcy due to poor management and liquidity issues. Force 10 was hired as the financial advisor to assist with the restructuring of the debtors as well as to facilitate the sale of the hospital. The hospital has been struggling financially for years and was on the verge of shutting down when a Force 10 partner was appointed Chief Restructuring Officer in September 2021. Force 10 was also engaged to provide financial and operational support and expertise to the hospital. Through our efforts, we were able to stabilize the hospital’s financial and operational challenges and lead the Chapter 11 bankruptcy process including successfully negotiated the Debtor in Possession financing and the sale to a newly formed healthcare district. Our efforts thusfar have enabled the hospital to remain open and continue providing much-needed healthcare services to its underserved community throughout the Chapter 11 reorganization.

Team members

Jeremy Rosenthal

Jeremy Rosenthal

Nicholas Rubin

Nicholas Rubin

Darryl Myers

Darryl Myers

Renee Albarano

Renee Albarano

Force 10

Track Record

Styles for Less: Chapter 11

Read more »

Coastal International: Confirmation of Chapter 11 Plan of Reorganization

Read more »

Rock & Brews Restaurants: Sale via Section 363

Read more »
View more »

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Force 10 jumped right in and helped us sort through the complex issues left behind by prior management. We are once again generating returns for our investors.
Manager
Rothenberg Ventures

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Contact us for an objective, candid assessment of your situation and a conversation about how our expertise and track record of success could address your needs.

Contact Us

Force 10 Partners
Force 10 Partners
5271 California Ave., Suite 270
Irvine, CA 92617
949 357 2360
contact@force10partners.com
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