Case Study

Healthcare IT Provider - corporate rescue and recovery operation

Healthcare IT Provider - corporate rescue and recovery operation

We were brought in by the new CEO to assist him in a corporate rescue and recovery operation. Major action steps taken include: Developed and executed restructuring plan across all departments Recruited new sales team and rebuilt all marketing processes Reduced operating expenses by 50%, resulting in reliable positive cash flow from operations after 5 consecutive years of losses Sold company to a Private Equity firm. Healthcare IT Provider Highlights Background A publicly traded healthcare information systems company that had been in business for over 30 years. It supported 250 hospitals and medical centers, and was in severe ?nancial distress. The company was losing $5 million per year with minimal capital remaining. While it enjoyed a strong historical reputation, the company’s sales and

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