September 2020
Feature Article
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Maximizing Value Amid Uncertainty in the Healthcare Industry
Managing through uncertainty is a constant for healthcare operators. For years, healthcare companies have faced disruption related to reimbursement rate cuts or new market entrants. However, the impact of COVID-19 is creating a new kind of stress across various sectors in the healthcare industry. Healthcare operators need to address key pressure points and review strategic […]
More from this Issue
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Pandemic Leads to Further Deterioration in Healthcare Industry’s Condition
To say these are unprecedented times would be an understatement. What the global pandemic has done to economies across the world has never been seen before, and it is far too early in the process to know what the exact long-term impact will be. Added to that, the strain of the health crisis is already […] -
IMPACT 2020 Is All About You
A pivot with purpose is only as impactful as the people who make it so. And as we journey into TMA Tomorrow, our pivot with purpose has been defining, perhaps generationally so. We have defined tomorrow by embracing today. We have pivoted to adapt to an ever-changing landscape made especially challenging by the pandemic. But just […] -
Remember When We Thought We Understood Disruption?
Remember when you sat through a conference session or read an article about managing disruption? Maybe you read in this very magazine about the impact of disruption and how it related to business planning, operations, and turnarounds. Before COVID, our understanding of disruption and its management was, frankly, adorable. I thought ride-sharing and online shopping […] -
Maximizing Value Amid Uncertainty in the Healthcare Industry
Managing through uncertainty is a constant for healthcare operators. For years, healthcare companies have faced disruption related to reimbursement rate cuts or new market entrants. However, the impact of COVID-19 is creating a new kind of stress across various sectors in the healthcare industry. Healthcare operators need to address key pressure points and review strategic […] -
How COVID-19 Magnified the Fragility of the U.S. Healthcare Sector
COVID-19 and its resulting economic impact have taken a destructive toll on society. At its core, the pandemic has been a health crisis, so, not surprisingly, healthcare has been one of the sectors of the economy that has been most severely impacted. Societal measures to “flatten the curve,” such as social distancing and sheltering in […] -
Sustaining Healthcare Providers Through the Pandemic
While healthcare generally represents a bright spot in a teetering U.S. economy, COVID-19 has demonstrated that healthcare providers are not immune to the financial pressures associated with the pandemic. As COVID-19 began to spread beyond China and Italy, U.S. hospitals, physician practices, long-term care facilities, and other healthcare providers prepared for an onslaught of acutely […] -
Managing Distressed Physician, Dental Groups in the Post-COVID Environment
Between 2015 and 2020, private equity firms made more than 75 platform investments in physician practice management companies (PPMs) and more than 50 platform investments in dental service organizations (DSOs). This investment frenzy was driven by private equity’s desire to deploy its $1.5 trillion of dry powder in what was perceived as relatively safe growth […] -
How THG May Alter the Landscape in Healthcare Provider Bankruptcies
The Bankruptcy Court for the District of Delaware on August 29, 2019, decided In re THG Holdings LLC, 604 B.R. 154 (Bankr. D. Del. 2019). In THG, Judge John T. Dorsey ruled that the automatic stay of U.S. Bankruptcy Code Section 362 precluded a postpetition continuation and reversal of a prepetition Medicare payment suspension. This […] -
Medicare, Medicaid Provider Agreements May Transfer Free and Clear in Bankruptcy
There are significant benefits to a healthcare entity selling assets in bankruptcy, particularly with respect to the transfer of its Medicare or Medicaid provider agreements. A commonly held view1 is that bankruptcy offers little use to healthcare entities reliant on Medicare or Medicaid payments, because a bankruptcy sale cannot not extinguish successor recoupment liability. Under […] -
Courting Gold: Tina L. Hughes, CTP
Q: How did you gravitate into turnaround/restructuring work? HUGHES: When I was a field examiner at American National Bank and Trust Company of Chicago, I found that I enjoyed performing the collateral reviews for the asset-based lending and workout divisions of the bank. The general lending clients that performed well and were not highly leveraged were […] -
TMA Connecticut’s Golf Outings Help Turn Around Young Lives
For the past seven years, proceeds from the TMA Connecticut Chapter’s annual golf outing have gone to help support The Legacy Foundation of Hartford, Inc., which creates opportunities for students from some of the most disadvantaged areas the city. Philip G. Kane Jr. of US Bank, a former chapter president who helped create The Legacy […] -
Newcomers: September 2020
Arizona Sierra Minder California – Northern Michaela Cassidy, Aspen Affiliates Inc. California – Southern Frank Fletcher, Fletcher Law Office Robert Fox, Stradling Yocca Carlson & Rauth Richardson Griswold Adam Horowitz, Lever Capital Partners Ketan I. Mehta, The Corporate Development Group Darshan Patel Sanjay Rajpoot, Exponential Growth Capital Erich Sorger, Corbel Capital Partners Chesapeake James G. Ilaria, UNOs Restaurants […] -
Milestones
Deirdre Carey Brown, pllc, has joined Forshey Prostok L.L.P. as a partner in the firm’s Houston office. Board Certified in Business Bankruptcy by the Texas Board of Legal Specialization, Brown has 20 years of bankruptcy and restructuring experience. Her work includes representing Chapter 11 debtors, official committees, creditors, and equity, in a variety of industries, with […]
Snapshot Article
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