Philadelphia, Pennsylvania – Barson Advisory LLC, www.barsonadvisory.com, a boutique restructuring consulting firm, has been retained by a multi-specialty portfolio of healthcare companies as lead strategist after its senior secured lender expressed concerns about the portfolio’s financial reporting, collateral position and continued viability. The portfolio consists of a number of skilled nursing facilities and wellness centers primarily situated in the Midwest.
Barson Advisory has been engaged to act in an advisory capacity in order to design and execute a multi-phase financial restructuring plan that incorporates broad-based expense reductions, trade vendor negotiations and an improvement in overall liquidity.
Leon Barson, Managing Director of Barson Advisory indicated that “the business has commenced discussions with select capital partners to analyze a number of restructuring alternatives, and we will continue to work diligently to protect patients, residents, and staff; improve operating performance; and pursue opportunities to improve the overall financial position of the business.” Barson Advisory possesses unique expertise in the restructuring arena, generally, and the healthcare industry, in particular, which continues to face disruption and uncertainty as a result of the ongoing pandemic.
