Case Studies

Nurse Staffing Company

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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The Situation

A mid-west based Nurse Staffing Company with annual revenue of approximately $25M.

Due to fierce competition within the industry and specific marketplace, coupled with significant bad debt exposure and limited infrastructure, the company faced bankruptcy.

How We Advised

A business and operational assessment was completed. Given the Company’s position in the marketplace, limited access to capital, and deteriorating liquidity, the decision was made to position the company for a rapid sale. A descriptive memorandum was drafted and circulated to potential acquirers. Within twelve months, the company was sold for $150 million to a publicly traded, West Coast-based nurse staffing company.

Key Contact

Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]

Related Practice Areas

> Business / Operational Assessment
Most consulting firms approach a business assessment from a purely financial perspective — our assessments provide a 360° view of a business, addressing growth drivers, profitability, and uses of capital. Along with detailed financial performance reviews and cash flow forecasting, our comprehensive Business / Operational Assessment identifies the various challenges clients encounter throughout their operations.

 

> Bankruptcy Advisory
Navigating bankruptcy is inherently complex, often involving struggling businesses, litigation, incomplete or inaccurate financial records, potential fraud, and other challenges, in addition to strict court-mandated processes. Our experienced team of turnaround and restructuring experts seamlessly guides clients throughout the process to optimize outcomes for lenders, creditors, shareholders, and employees.

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