Capital Structure Review
A clear, lender‑ready picture of debt stack, covenants, and maturity ladder. We map flexibility before it is needed and identify the levers actually available given the operator's current performance.
We work with operators navigating today's reimbursement, capital, and refinancing environment — quietly, and at the senior level.
We advise privately‑held and family‑controlled operators of skilled nursing and senior living facilities — typically three to fifty locations and forty to four hundred million dollars in net revenue.
Our engagements often begin during covenant resets, refinancing windows, ownership transitions, or periods of meaningful change in reimbursement or operating cost structure.
Four interlocking workstreams. Most engagements draw on two or three; some on one.
A clear, lender‑ready picture of debt stack, covenants, and maturity ladder. We map flexibility before it is needed and identify the levers actually available given the operator's current performance.
Counsel and presence in conversations with senior lenders, agents, and bondholders. We help operators prepare materials, anticipate positions, and negotiate amendments and waivers on terms that preserve operating discretion.
A focused look at cost structure, staffing models, agency utilization, and revenue cycle. Diagnostics are short, specific, and oriented toward the two or three changes that materially improve liquidity within a quarter.
Sequencing, lender selection, and positioning ahead of a refinancing or recapitalization. We work alongside management and counsel to bring a coherent, well‑evidenced thesis to the market.
We work only with skilled nursing and senior living operators. Our reference points, lender relationships, and vocabulary are built around this segment.
Initial conversations are mutual diligence. Nothing is shared outside the firm without an executed engagement, and our client list is not public.
Partners run every engagement from first call through implementation. We do not staff with junior teams or hand work off after closing.
Selected outcomes from the principals' restructuring work across healthcare and adjacent sectors. Client identities are confidential; figures are shown as negotiated reductions.
A 68% reduction across hundreds of healthcare creditors — more than $25M in total savings.
Creditor exposure cut by over 75%, with structured payment plans negotiated across suppliers worldwide to preserve ongoing relationships.
More than $6M saved, including significant reductions with major equipment lenders such as Siemens, Toshiba, and GE Capital.
Client identities are held in strict confidence. Operators rarely wish to make past financial pressure public, and we treat that discretion as fundamental to the work.
A short, structured path from a first call to a defined engagement. The first two stages carry no commitment on either side.
A fifteen‑to‑thirty minute call with a partner. Context, current pressures, and time horizon. No materials requested in advance.
Under mutual NDA, a focused review of capital structure, operating performance, and the two or three questions the operator most wants answered. Two to three weeks.
A written proposal with scope, deliverables, partner involvement, and fees. Engagement only proceeds if there is a clear, mutual fit.
Three partners, each with twenty‑plus years in healthcare restructuring and capital advisory.
Twenty‑eight years advising healthcare operators on capital structure and refinancing. Founded the firm's long‑term‑care practice in 2014.
Twenty‑two years in Software Development, Data Sciences and AI Engineering.
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If the firm is on your list of advisors to consider, we are happy to spend half an hour on the phone with no expectation on either side. Outreach goes directly to a partner.