Go to Content

HMP Receivership Support

With proven experience managing and turning around all types of distressed healthcare businesses, HMP is regularly appointed to serve as court-appointed receiver to oversee financially troubled businesses, for purposes of restructuring or selling the business.

When appointed, we assess the organization's patient and resident care, marshal the business' cash and communicate with all stakeholders including state and federal regulators. This initial assessment helps us to determine the organization's financial position and market share among competition. We then design and execute a restructuring plan, which often involves the sale of a business' assets.

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

Below, is a list of 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
  • Elliott Davis LLC
  • Deloitte
  • Eileen N. Shaffer PLLC
  • 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

Case studies of matters handled by our professionals can be found on our case studies page.