Successfully Transferred to New Owners
Our client was a state-appointed receiver who required support in managing a chain operation. The objective was to close the facilities or otherwise transfer operations. Maintaining resident safety and continued vendor services was critical for success.
“We supported the work of a state-appointed receiver, partnering to achieve the state’s objectives of liquidating the remaining assets of a troubled portfolio. Vendor management was critical to success.”
President and CEO, The Long Hill Company
Objective of facility closure
The Long Hill Company served as a financial advisor to state-receiver of chain of skilled nursing facilities. We supplemented the state-receiver with the depth of our team to install vendor management and accounting systems. The team supported the State of Connecticut's objective of facility closure.
The Long Hill Company team gained the respect of critical staff responsible for executing the capital strategy of the owners/stakeholders.