Medical Logistics

Division: Phoenix Management Services


Client

Medical Logistics was a $37 million privately held pharmaceutical delivery firm headquartered in Pennsylvania.

Problem

Medical Logistics had operated unprofitably for many years, and ultimately became insolvent and was forced to shutter its operations.

Solution

Phoenix Management Services was engaged to manage the liquidation of Medical Logistics’ assets. As a result of a detailed inspection process and frequent communications with creditors, Phoenix Management Services was able to negotiate a settlement of $21 million in liabilities for less than 43% of their face amount.