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Field Examination

Financially Troubled Hospital Liquidation

A healthcare lender called on Durkin Group for an emergency field examination of its customer—a financially troubled hospital. During the engagement, our field examiner uncovered a significant past due payroll tax liability that had not been previously disclosed to the healthcare lender. This discovery, combined with the deteriorating financial condition of the hospital, resulted in a plan to close the hospital. Durkin Group provided ongoing workout support during the liquidation.

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