Case Studies
Prescription Drugs Company Avoids Bankruptcy
The Company: A Public Prescription Drugs Benefit Company
The Issue: Inability to bring the company to profitability; lack of cash flow
The Work:
- Stepped in as an interim CFO
- Reduced costs and assisted in closing a convertible note round of financing
- Advised Board of Directors on finance and operations
- Sold two business lines
- Negotiated with equity holders to allow agreed-upon resolution for sale of assets, avoiding bankruptcy
Services
- Interim CFO
- Workout
Industry
- Medical Insurance