Case Study: a multi-location, multi-specialty healthcare practice becomes sale-ready with Elliott Davis

Multi-location, Multi-specialty Healthcare Practice gets sale-ready with Elliott Davis across 12+ doctors

A multi-location, multi-specialty healthcare practice was unable to proceed with its sale because its financial operations were unstructured, with all revenue and expenses flowing through a single bank account. The practice lacked profitability insights and had no formal accounting oversight, which was a dealbreaker for potential buyers. The investment bank facilitating the sale referred them to Elliott Davis for its sell-side financial transformation services.

Elliott Davis implemented a new financial structure by configuring accounting software segmented by location and physician, creating month-end close processes, and developing comprehensive management reports. This solution provided the practice with financial visibility, successfully positioned it for the market, and put the sale back on track. With Elliott Davis's support, the client addressed potential red flags and gained confidence for future growth.