Long Term Care Provider - 2

Division: Phoenix Management Services


A Long Term Care Provider operating fifty facilities in Texas and California with net revenues exceeding $300M annually.


Suffering with financial underperformance and liquidity issues, the organization restructured under Chapter 11 bankruptcy in an effort to materially improve its operating margins and cash generation.


Phoenix personnel took control of all cash forecasting and cash management functions to significantly improve liquidity and overall cash position. Significant improvements in EBITDA were made as the cost structure of the restructured organization improved and the client ultimately emerged from bankruptcy as a fully viable going concern.