These situations are among the most difficult a healthcare organization can face.
The risk is great—if you've ever needed expert guidance, that time is now.
In today's economy, more hospitals are becoming forced to deal with changing financial circumstances. Some hospitals are facing restructuring or insolvency, others are looking to affiliate with or acquire competitors to stay strong. H2C works with both: organizations that are insolvent or approaching insolvency, and those looking to strengthen their position by joining forces with others.
Our practice is focused on assisting healthcare organizations, including acute care hospitals, ambulatory surgical centers and senior care facilities (nursing homes, retirement centers and continuing care facilities). Our services include:
Negotiations with creditors
Sales of business lines or entire organizations
The H2C team has more experience with not-for-profit healthcare organizations near or at bankruptcy than most organizations: we've worked in 12 states handling more than 50 hospitals in bankruptcy proceedings. That experience is critical because work during restructurings is incredibly intense. Your organization is subject to strong scrutiny from creditors and regulators, and your board and management team are rightly concerned about liability issues regarding investors and other stakeholders.
During this time of duress, the H2C team can provide guidance to help you fulfill your duties to your mission and to your creditors. The viability of your organization is at stake. The advice you receive during this time can mean the difference between closing your doors for good—or surviving so you can continue providing patient care.
Restructuring & Insolvency