Quarterly Dialogue (First Quarter 2013)
Healthcare Solutions Team
A dedicated team of professionals providing a full suite of advisory, operating improvement, and liquidity services to both healthy and distressed healthcare companies.
Overview of Healthcare Solutions Team
The healthcare industry today is challenged to perform at higher levels of quality and productivity than ever before. In this highly regulated yet very competitive environment, yesterday's solutions are just not up to today's challenges. In addition, recent market turbulence and the uncertain impact of healthcare reform have left operators, investors and creditors looking for comprehensive solutions.
Navigant Capital Advisors professionals have the requisite experience and resources to assist health care company operators, investors and creditors in meeting the challenges of today's markets, having successfully completed over 400 total mandates involving in excess of $95 billion of sales and capital restructurings.
Whether addressing the needs associated with providers, payers, government agencies, and life science companies, Navigant offers a comprehensive service offering with core strengths in: Strategic Assessment, Valuation, Restructuring, Performance Improvement & Interim/Crisis Management, and Transaction Solutions.
Our deep network of relationships includes key players from throughout the provider, payer, governmental, legal and life science sectors.
Navigant professionals possess the expertise required to actively advise and implement performance improvement initiatives, restructuring and transaction solutions for healthcare providers.
MedCath Corporation is a publicly traded (NASDAQ:MDTH), $600 million in revenues, national healthcare provider focusing on high-acuity services and specializing in the diagnosis and treatment of cardiovascular disease. NCA was engaged as exclusive financial advisor to evaluate potential strategic alternatives, including a sale of the company, either through the sale of its equity, assets and/or ownership interests in associated ventures. As financial advisor, responsibilities include: (i) positioning the Company and its hospitals for sale; (ii) identification and solicitation of potential acquirers; and, (iii) negotiation of terms of any definitive purchase agreement. To date, more than 10 healthcare facilities have been sold to various buyers, at a total value of over $500 million.
FORBA Holdings is the nation's premiere dental practice management company focused on dental care for underserved communities. The company manages 69 dental centers in 22 states and provides dental care to Medicaid/SCHIP eligible children. On behalf of the Company, NCA led capital restructuring negotiations with major financial institutions to amend its credit agreement as well as convert a portion of sub debt into common equity.
NCA was engaged by a real estate private equity fund in connection with the restructuring of its majority ownership interests in a JV partnership that owns Sunrise Senior Living, consisting of 16 senior living communities in 11 states, known as Fountains Senior Living Holdings, LLC. On behalf of the fund, NCA led negotiations with the joint venture partner, their representatives, and major financial institutions in connection with transferring minority interest to the fund, replacing the property manager, and amending credit agreements.