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.

NCA was appointed by the United States Bankruptcy Court for the Northern District of Illinois as Financial Advisor to the estate of $1.5 billion Sentinel Management Group, Inc., reporting to the court‐appointed trustee. NCA assisted the trustee and outside counsel in the operation and management of the estate, identification and collection of all electronic and hard‐copy data, performing forensic analysis of historical trading, financing and customer account activity, tracing and identification of fund assets and development of accounting, solvency and other financial analyses in support of legal action brought by the trustee against third parties. In addition, our professionals participated in presentations of factual information and analyses to the Creditors Committees and regulators, including SEC, CFTC and NFA. Declarations were submitted in support of litigation and NCA served as testifying experts in current and contemplated litigation against third parties.

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.