Case Study: Trident Holding Company preserves going-concern value and saves 5,000 jobs with AlixPartners

When Detailed Analysis Helps Preserve Business and Jobs

Trident Holding Company, a Maryland-based medical testing and clinical services provider, faced major liquidity and restructuring challenges after key customers entered distress and bankruptcies amid a shift toward home healthcare. In 2019, the company filed for Chapter 11 as it sought to stabilize its business and preserve operations and jobs.

AlixPartners was retained by the Official Committee of Unsecured Creditors to assess Trident’s business plan, evaluate liquidity needs and cash flow projections, and review valuation and financing assumptions. Its detailed analysis helped support a global settlement and restructuring path that enabled Trident to emerge from bankruptcy in September 2019, preserve approximately 5,000 jobs, retain going-concern value, and secure $185 million in exit financing.

Trident Holding Company