About The Study

Industry: Healthcare

Services:
  • Management Services
    • Interim
  • Advisory Services
    • Strategic Alternatives
    • Transactional Services

Situation

ToneyKorf was engaged by a Senior Secured Lender to provide Interim Management and Financial Advisory services to a substance use and mental health treatment provider with facilities located throughout the southeast.  The Company provides a full continuum of care including detox/residential treatment, outpatient clinic services, medication assisted treatment (“MAT”), and in-recovery coaching services through 5 residential facilities and 18 outpatient locations.

Summary of Execution and Results

Once engaged, the ToneyKorf Team immediately identified numerous financial reporting weaknesses and cost-saving opportunities.  In addition, ToneyKorf has been instrumental in the development and implementation of various strategic initiatives including cost rationalization, sales and marketing, revenue cycle enhancement, liquidity management, and recapitalization strategies.

ToneyKorf continues to oversee the Company’s operations as it navigates through numerous industry challenges.

TKP is unique among consultants: excellent personal service and very invested in the client. They do not consider themselves consultants, but rather part of the entity with which they are working.
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