SAK Healthcare provided award-winning management turnaround and transaction services for a $12 Million revenue, Illinois-based publicly-owned skilled nursing facility.
What made this engagement particularly interesting?
The facility could not make payroll without help from the county board, but voters opted not to provide any further subsidy, instead authorizing the board to pursue a sale.
How SAK delivered
SAK Healthcare rebuilt census, reduced costs, restored nursing staff, and ensured the facility paid all vendors and creditors in full, enabling the county to sell the operation to a private company.