Pharmaceutical Delivery Firm

Phoenix serves as financial advisor and liquidates substantially all of the assets of a pharmaceutical delivery firm for the benefit of its creditors.

The Client

The Company was a $37 million privately held Pharmaceutical Delivery Firm headquartered in Pennsylvania.

The Challenge

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

The Solution

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

Phoenix Turnaround

Primary Industry

  • Distribution

Secondary Industry

  • Pharmaceuticals

    Primary Services

  • Liquidation / Business Wind Down