Nurse Staffing Company

Phoenix conducts a business and operational assessment for a nurse staffing company and successfully sells the company to a strategic buyer.

The Client

A mid-west based Nurse Staffing Company with annual revenue of approximately $25M.

The Challenge

Due to fierce competition within the industry and specific marketplace, coupled with significant bad debt exposure and minimal limited infrastructure, the company faced bankruptcy.

The Solution

A business and operational assessment was completed. Given the Company’s position in the marketplace, limited access to capital, and deteriorating liquidity, the decision was made to position the company for a rapid sale. A descriptive memorandum was drafted and circulated to potential acquirers. Within twelve months, the company was sold for $150M to a publicly-traded west coast based Nurse Staffing Company.

Phoenix Turnaround

Primary Industry

  • Services

Secondary Industry

  • Healthcare

    Primary Services

  • Business / Operational AssessmentsStrategic AdvisoryBankruptcy Advisory