Facility Repurposing, Wind Down & Closures

Post Transaction Services to Help Healthcare Facilities Maximize Financial Recovery

The business of healthcare management is becoming more challenging on a daily basis. Spectrum Health Partners is well-positioned to assist boards, legal counsel, and foundations through the navigation of the multitude of objectives that must be accomplished in a sale, wind down, or closure situation. Our experience in wind down, transition or closure results in a substantially higher recovery for our clients.

Don’t leave millions of dollars on the table. Spectrum Health Partner’s Post Transaction Services typically generate a minimum 3X ROI for sellers.

The scope of services that we can offer varies depending on the individual enterprise’s situation. We customize a plan that meets client needs.

Scope of Services

Spectrum Health Partners can provides overall management of administrative components as necessary to maximize financial recovery and render efficient closure of the case, addressing critical functions as necessary such as accounting, business office, cash management, insurance, medical records, plant operations, and security.

Spectrum Health Partners can prepare and maintain a detailed work plan of overall wind down project management activities to assess and monitor progress related to this  end.

Spectrum Health Partners can evaluate the enterprise’s real assets and equipment, and execute related sales of such assets, with particular emphasis towards understanding alternate use and an enhanced market value in final sale.

Spectrum Health Partners can manage the facility’s accounts receivable collection processes with the intention of maximizing total collectible value at lowest overall cost (including final cost reports settlements).

Spectrum Health Partners can oversee all necessary points of regulatory compliance with respect to appropriateness of transition of medical delivery services and related record retention.

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