Steve Korf featured in Petition, “What to Make of the Credit Cycle: Pros Say,” December 9, 2020.
Petition asked a number of restructuring lawyers, bankers, and advisors what to make of the credit cycle in their 2020 year-end two-part survey. Steve Korf, ToneyKorf Partners co-founder and senior managing director weighed in on the topics.
They started by asking, “What has been the most surprising theme/situation you’ve followed and/or experienced since the pandemic hit?”
Steve responded, “On a macro level, the greatest surprise was the “great divide” the COVID-19 pandemic caused our nation. Historically, crises have brought us together as a country. Except for the well-deserved, unified support for our first responders and healthcare heroes, this is the first time, in my lifetime, that a crisis at home and abroad drove us apart. On a micro level, while there are losers (hospitality, airlines, movie theaters) in the economic meltdown, there were a surprising number of winners that resulted from the pandemic (e-commerce, home improvement, at-home fitness), that we generally would not expect to see in an economic recession.”
In part two of Petition’s series, they asked Steve Korf what big themes he’ll be watching for in 2021. To which he answered, “The continuing disruption in the healthcare space. The pandemic has only served to accelerate many of the healthcare trends that we saw before. We will be watching to see: i) who will exploit the disruption and capitalize on the opportunities in how and where healthcare is delivered; ii) how continued technological advancements will improve access to, and quality of, care; and iii) whether Boards and Management of rural and community hospitals, which were failing at an alarming rate before the pandemic, will adapt to survive, or fall on their sword of stubbornness to maintain the status quo.”
Read additional answers from various restructuring professionals here: