For many healthcare organizations, the implementation of a restructuring/turnaround plan will position the organization for success far into the future. We know that most distressed organizations possess the qualities to be successful. Frequently the difference between success and failure lies in the experience and competency of the management team. However, for some organizations, financial and operational improvements are not enough to ensure its long-term survival and growth. The lack of funding for capital expenditures, the inability to recruit and retain quality medical staff members, and the lack of a clear strategic direction are only a few reasons why many organizations decide to sell to larger entities.

Spectrum Health Partners (SHP) stands ready to service a full range of client needs from the unique experience base gained through handling more than 50 distinct hospital and health system transactions. SHP's transactional experience in the healthcare field adds enormous value in the decision process at those key moments when the correct application of due diligence principles ultimately defines organizational success or failure. Whether SHP provides a turnkey due diligence solution to a proposed acquisition or supports an ongoing transaction through advisory services such as deal point negotiation or calculation of final net working capital settlement, our operational depth and financial understanding bring critical insights few firms will match.

The scope of services that SHP can provide to clients seeking a sale or merger includes:

• Strategic Planning. SHP can initiate strategic planning to define the best long-term alternative for your organization.
• Board Guidance. We can provide the Board with guidance to ensure your organization receives fair value for the entity
• Descriptive Memorandum. At the appropriate time, SHP can develop, disseminate, and manage the Descriptive Memorandum defining in detail the entity being sold or merged.
• Acquisition Candidates. Our firm can assist with the identification and evaluation of merger or affiliation candidates and serve as trusted advisors throughout the merger/affiliation process.
• PNWC and FNWC Calculation. Our CPA's can calculate the Preliminary and Final Net Working Capital through settlement. With our track record, we are able to complete transactions within the timeframes established by the Asset Purchase Agreement.
• Contract Review. SHP legal consultants can review contracts being assumed in the transaction to provide guidance to either the buyer or the seller.
• Opening Balance Sheet (s). Our CPA's can develop the Opening Balance Sheets for all entities acquired.
• Internal Control Reviews. Our experienced CPA's can perform Internal Control reviews especially in light of Sarbanes-Oxley legislation.
• Operational Reviews. We have experienced Operations personnel who can perform Departmental/Management reviews to guide the buyers in their acquisitions.
• Integration. With our experience gained by managing over 30 transactions, we can perform operational and financial integration of the acquisition.

The outcome of this process will ensure the long-term presence of healthcare in the community being served. Please refer to our Case Studies for further information about how SHP can assist your organization with merger, acquisition, or divestiture transactions.