With a track record of successfully managing and revitalizing distressed healthcare businesses of all kinds, HMP is frequently entrusted with the role of court-appointed receiver. In this capacity, we oversee financially troubled businesses, whether it's restructuring or facilitating their sale.
Upon appointment, we conduct a thorough evaluation of the organization's patient and resident care, while also managing the business' cash flow and communicating with all stakeholders, including state and federal regulators. This initial assessment is crucial for gauging the organization's financial standing and its position in the market compared to competitors. Based on our findings, we craft and implement a comprehensive restructuring plan, which may include asset sales as part of the strategy.
Over the Last Five Years, We Have:
- Received 17 receivership appointments
- Been appointed by federal and state courts in seven states
- Accumulated an average of 13.4 months from appointment to sale of assets
- Increased Stalking Horse auction sales from $35,500,000 initial LOIs to $52,478,000 final auction prices
Law and Accounting Firms We Have Worked With:
- Baker Donelson
- Balch & Bingham LLP
- Bird Marella LLP
- Bradley Arant Boult Cummings LLP
- Burr Forman
- Butler Snow LLP
- Craig M. Geno PLLC
- Deloitte
- Eileen N. Shaffer PLLC
- Elliott Davis LLC
- Frost Brown Todd
- Gearhiser, Peters, Lockaby, Cavett & Elliott, PLLC
- Greenberg Traurig LLP
- Gullett Sanford Robinson and Martin
- Hogan & Lovells LLP
- Horne CPAs
- Husch Blackwell LLP (Formerly Brown McCaroll LLP)
- KPMG
- Lash & Goldberg LLP
- Neal & Harwell
- Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP
- Sherrard Roe Voigt & Harbison
- Thompson Burton
- Waller
Dive into our accomplishments showcased on our specialized Case Studies Page