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.

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.

Key Contact

For additional information about the engagement or to learn more about our services, contact:

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