Reliable, Experienced, Motivated

Healthcare

  • Agreed Upon Procedures Engagement

    A publicly traded real estate management company, specializing in nursing home facilities, had an operator who they suspected was not living up to the contractual obligations regarding the upkeep of their nursing homes.  The management company engaged Durkin Group to perform a review of capital spending on the 19 facilities run by the operator.  The […]

    Read more

  • Survey Examination of a Nursing Home Operator with Multiple Locations

    Durkin Group was engaged by a private equity group with limited experience in healthcare lending to complete a survey for a $75 million senior secured credit facility.  As the group was trying to attract participants into the deal, the report needed to be comprehensive enough to satisfy specialty healthcare lenders while remaining understandable to general […]

    Read more

  • Skilled Nursing Home Facilities Acquisition

    An investor group was seeking to purchase six, multi-state, skilled nursing facilities. As part of the acquisition, the investor group was seeking a $26 million term loan to finance the acquisition and refinance existing indebtedness, and a $14 million revolving credit facility, to support a letter of credit facility and for working capital. The investor […]

    Read more

  • Ambulance Service Provider Routine Examination

    A lender contacted Durkin Group to perform a routine field examination of an ambulance service provider. The company was requesting an increase in its working capital line. During cash testing, our field examiner discovered that the owner of the company was diverting funds to a troubled exotic car business that he also owned. The lender […]

    Read more

  • Regional Medical Center New Business Transaction

    Durkin Group was engaged by the Field Examination Manager of a large national bank to conduct an initial field examination of a regional medical center for a proposed $250 million facility. The Field Examination Manager did not have field examiners on staff with healthcare expertise. In addition, the Field Examination Manager needed a clear, concise […]

    Read more

  • 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 […]

    Read more

  • Pharmaceutical Company Acquisition

    Durkin Group was engaged by a private equity sponsor to analyze the revenue recognition policy and procedures of a major pharmaceutical distribution company in advance of its pending acquisition. The private equity firm, a longtime Durkin Group client, was faced with a tight timeline to complete its due diligence. We were able to quickly assemble […]

    Read more