1612 Edgewater Court
Franklin, Tennessee 37069
ABOUT US:
Transition Hospital Company, LLC (“Transition”) is a hospital management and turnaround consulting company based in Franklin, TN. Transition offers a unique blend of experienced hospital turnaround and management expertise, access to financial resources and an ability to act quickly and discreetly.
EXECUTIVE LEADERSHIP:
Thomas M. Reardon, Managing Member
Barbara Groux, Member
Biographies attached below.
HOSPITAL OWNERSHIP:
Transition offers the following hospital ownership capabilities to communities and investors:
-
identify distressed hospitals with upside;
-
conduct due diligence and develop a bridge analysis and turnaround plan;
-
actively participate in the acquisition of each hospital, including regulatory approvals;
-
provide management to implement specific turnaround plans;
-
develop and implement a plan for the long-term viability and sustainability of the hospital(s).
Please see attachment for a recent, detailed example of one such transaction where the hospital was about to be closed; a turnaround was effectuated; and the hospital is now assured of long-term viability.
TURNAROUND CONSULTING/INTERIM MANAGEMENT:
Among other positions, Mr. Reardon and Ms. Groux have served as CEO and SVP/CFO, respectively, of
Cambio Health Solutions, LLC, a nationally recognized hospital turnaround firm now owned by FTI
Consulting. At Cambio, both were involved, along with other members of the Transition team, in
numerous assignments turning around distressed hospitals. In some instances, interim management
positions were filled and turnaround backup was supplied. In others, the Cambio team consulted
with existing management on turnaround strategies.
A turnaround effort normally involves multiple
areas of analysis and action. However, the Transition team can focus on specific issues if so desired.
With a goal of EBITDA improvement, areas of focus include, without limitation:
- Supply Chain;
- Revenue Cycle;
- Clinical Resource Allocation;
- Productivity;
- Expense Analysis;
- Performance Metrics Measurement;
- Financial and Product Line Modeling and Projections;
- Managed Care Review and Analysis.
One current example is a turnaround assignment at a Northeastern hospital, including furnishing an interim CRO/CFO at the hospital and a Practice Manager at hospital-owned 30 plus physician multispecialty group practice, stabilizing operations, developing a turnaround plan and detailed bridge analysis and exploring strategic alternatives including, without limitation, creative network affiliations, merger or sale of all assets of the hospital and its affiliates.
A second current example involves consulting with a major University/Academic Medical Center on how to expand its reach among surrounding community hospitals, including acquisition or joint venture with larger for-profit or non-profit hospital systems and, in one particular example, due diligence on a possible acquisition.
CONTACT US:
Thomas M. Reardon
617-686-3730 (cell)
TReardon@TransitionHC.com
