Our non-profit client was acquired by a for-profit fund which consolidated & operated hospital systems nationally. The acquirer filed a $20.5M dispute of the acquired working capital.
OBJECTIVES
Support the defense of claims made by the acquirer of conveyed assets.
Identify risks and opportunities to the seller's defense.
Prepare defensible position of subjective working capital values, including accruals, reserves and estimates.
SOLUTIONS
Reviewed discrete areas claimed against the seller and strategized opportunities & risks.
Prepared detailed responses on disputed claims with supporting documentation.
Resulted in $.8M cash collected in the dispute by our client.
Fully defended a $20.5M claim to no cash only paid