SAK Healthcare provided receivership, turnaround management and transaction services for a $7.5 Million revenue, New Mexico-based transitional rehabilitation facility.
What made this engagement particularly interesting?
The facility was rarely more than 50% full, and often less than 20% full in its first year of operations, and was therefore unable to make lease payments.
How SAK delivered
SAK replaced vendors, renegotiated contracts, retrained staff, implemented a new payment model and revamped the marketing program, achieving nearly 100% capacity and enabling the facility to be successfully sold.