The Atlanta Cardiology Group, PC (ACG) is one of the largest groups of cardiologists in Georgia and offers the full range of cardiovascular services. ACG was acquired by Piedmont Healthcare, Inc. Navigant Capital Advisors, LLC served as the exclusive financial advisor to ACG.

Brotman Medical Center (“BMC”), in Culver City, CA is a $100 million revenue for-profit acute care hospital system that operates a total of 420 licensed beds which includes a psychiatric unit and detox unit. BMC experienced significant losses in 2006 and 2007 and was in technical default on its long-term debt. NCA was retained as financial advisor and asked to provide guidance to the Board and administration on the identification and implementation of turnaround opportunities, in addition to assessing and improving the finance department. NCA conducted an operational and financial assessment of the organization and included placement of the CRO and interim CFO positions with NCA personnel. The Hospital filed for bankruptcy in October 2007, with an NCA professional assuming the role of interim CEO during the initial stages of the bankruptcy proceedings. The management team, led by the interim CEO and CFO, successfully implemented financial and operational improvement initiatives that resulted in significant savings through productivity improvement and other cost initiatives. The hospital is expected to emerge from Chapter 11 early in the fourth quarter of 2008.

Catskill Regional Medical Center (“CRMC”), in Harris, NY, is a $100 million revenue voluntary not-for-profit acute care community hospital system that operates a total of 199 licensed acute care beds and 64 residential healthcare beds. CRMC experienced significant losses in 2006, and discretionary cash on hand had dropped to less than 10 days. NCA was retained in anticipation of CRMC entering into a technical default on its long-term debt (secured by DASNY) and was asked to provide guidance to the Board and administration on the identification and implementation of turnaround opportunities. Our professionals conducted an operational and financial assessment of the organization and included placement of the CRO and interim COO positions with NCA personnel. The interim COO and CRO led financial and operational improvement initiatives that resulted in significant savings through productivity improvement and physician practice management, as well as identifying further revenue cycle opportunities. In addition, the COO developed accountability tools for the client. The CRO led talks to secure the return of a major physician group in an effort to bolster patient volumes and developed cash management tools and reporting mechanisms. The CRO was also instrumental in restructuring a major vendor agreement to avoid significant balloon payments in early 2007, as well as providing ongoing advice and guidance to the Board of Directors. NCA’s efforts allowed the hospital to avoid filing for protection under Chapter 11 of the U.S. Bankruptcy Code.

New Island Hospital (“NIH”) is a single facility, 150 bed (223 authorized) community hospital servicing Bethpage, NY and the surrounding communities. NCA developed, negotiated and implemented a successful out-of-court restructuring in which NIH’s outstanding bonds were defeased, NIH’s capital structure was restructured resulting in a complete waiver of over 40% of the existing credit obligations and a change of control over the governance of the hospital.

PBI Regional Medical Center (“PBI”) is a 200 bed non-profit community hospital in Passaic, NJ. NCA and NCI’s healthcare consultants were jointly retained to assist in preparation of a performance improvement and capital restructuring plan. In connection with the restructuring process, NCA professionals served as Chief Restructuring Officer, interim CEO, interim COO, and interim CFO. The financial restructuring was accomplished through a Chapter 11 bankruptcy filing in which the assets of PBI were successfully sold pursuant to a Section 363 auction to St. Mary’s Hospital of Passaic. As a result of the bankruptcy sale, PBI’s senior secured lenders received a 100% recovery.

Westchester Medical Center (“WMC”) is a health care network consisting of a 600 bed tertiary care facility, a 200 bed nursing home, and 60 outpatient clinics with revenues of $550 million. NCA professionals assisted WMC with the development of a capital and operating restructuring plan, obtaining a $30 million capital infusion, the sale of an outpatient imaging center, the spin-off of a clinic supporting developmentally disabled patients, renegotiation of an affiliation agreement with a local medical college, a general reduction in force, and the outsourcing of various service offerings.

Coalition America, Inc. (“Coalition” or “CAI”), a market leader providing comprehensive solutions for managing healthcare costs, acquired National Preferred Provider Network (NPPN) from MedAvant Healthcare Solutions (NASDAQ: PILL) for approximately $23.5 million in cash. Navigant Capital Advisors, LLC (“NCA”) acted as exclusive financial advisor to Coalition in the transaction. The transaction included the sale of PlanVista Solutions, Inc., National Network Services, LLC, PlanVista Corporation, Medical Resource, LLC and National Provider Network, Inc., all of which are MedAvant subsidiaries that combine to comprise NPPN. CAI utilizes a suite of products and services including direct provider contracts, PPO networks and provider negotiations to achieve industry leading savings for its national client base of health insurance carriers, employers, Taft Hartley plans and third party administrators. The Atlanta-based healthcare savings company has saved its clients over $1.5 billion since inception.

Extend Health, Inc. provides employer-sponsored health care insurance services for active or retired employees. Extend Health received $15 million in its series B round of funding led by new investor Psilos Group Managers, LLC. The round included participation from existing investor Revolution Health Group. Navigant Capital Advisors, LLC served as the exclusive placement agent and financial advisor to Extend Health.

HP3, Inc., a healthcare consulting firm, engages in the development and distribution of healthcare educational products designed to improve the reimbursement process for healthcare providers in the United States. Navigant Capital Advisors, LLC was the financial advisor to HP3, Inc. in its sale to Navigant Consulting, Inc. for reported consideration of $19 million, including accounts receivables. Revenues and pro forma EBITDA for the last 12 months approximated $19 million and $2.7 million, respectively.

Mediq Incorporated is the nation’s leading provider of moveable medical equipment on a daily rental basis to individual and institutional consumers. NCA professionals represented Mediq’s secured creditors in a successful Chapter 11 reorganization pursuant to which such lenders equatized their debt to take control of the Company. Upon engagement, NCA professionals undertook a review of the Mediq’s financial and operating performance and then developed and negotiated the reorganization plan on behalf of its client. Post-bankruptcy, an NCA professional served as Executive Chairman of the Mediq Board and oversaw the continuing operating restructuring focused on branch rationalization, overhead reductions, and renegotiation of key vendor and franchisee relationships. The operating restructuring led by NCA professionals increased EBITDA from $45 million to $60 million over a 12 month period. NCA professionals were also retained as as the company’s sell side advisor and negotiated the sale of Mediq to Hill-Rom, Inc. (a division of Hillenbrand) as well as the sale of ACS (a division of Mediq) to Invacare Corporation. The sale resulted in a full recovery to the pre-petition holders of the “fulcrum” bankruptcy claims.

TLC Health Care Services, Inc. (“TLC”) is a provider of home nursing and hospice services with 92 home health and 11 hospice agencies located in 22 states and the District of Columbia. TLC’s licensed healthcare professionals provide a wide range of skilled nursing services including disease management, cardiac care, behavioral healthcare, and patient and family healthcare counseling. NCA was retained by TLC’s equity holders to assist in an ongoing financial and operating restructuring. Following NCA’s successful renegotiation of a consensual debt restructuring, NCA professionals oversaw an in-depth operating restructuring. The results of the operational improvement plan implemented by NCA resulted in a significant increase of the Company’s EBITDA from $24.0 million to $38.0 million over a 12-month period.

TLC Health Care Services, Inc. (“TLC”) is a provider of home nursing and hospice services with 92 home health and 11 hospice agencies located in 22 states and the District of Columbia. TLC’s licensed healthcare professionals provide a wide range of skilled nursing services including disease management, cardiac care, behavioral healthcare, and patient and family healthcare counseling. Amedisys, Inc. (NASDAQ:AMED), one of America’s leading home nursing companies acquired TLC Health Care Services, Inc. for $395.0 million in cash.

Navigant Capital Advisors, LLC (“NCA”) was originally engaged as TLC’s exclusive financial advisor to provide capital and operating restructuring. Subsequently, NCA was retained to provide sell-side advisory services and successfully structured, negotiated and closed this transaction.