“The BKD Corporate Finance team did an excellent job representing the financial interest of McCune-Brooks Regional Hospital in the transaction. The board of the city-owned, not-for-profit hospital had a fiduciary duty to ensure long-term access to health care in the community. Although we knew who the likely party was going to be in the transaction, BKDCF used their expertise in health care transactions to negotiate the financial components of the transaction from a position of strength. The BKDCF team did an excellent job managing the process, helping to achieve an outcome that was approved unanimously by the board.”
With the swiftly changing health care landscape and a very difficult competitive and regulatory environment driving nationwide change, Carthage, Missouri-based McCune-Brooks Regional Hospital needed professional assistance in its merger negotiations with Mercy. McCune-Brooks management turned to the health care professionals of BKD Corporate Finance, LLC for help.
BKD Corporate Finance prepared a hospital industry market analysis and developed a cash flow model that McCune-Brooks’ board and management could use during negotiations with Mercy. In addition, BKD Corporate Finance worked with the McCune-Brooks management team to prepare schedules for working capital, equipment, furniture and fixtures. Finally, BKD Corporate Finance assisted legal counsel and the McCune-Brooks management team in preparation and negotiation of the letter of intent and final transaction details.
BKD Corporate Finance’s strong health care expertise, as well as many years of merger and acquisition experience, helped McCune-Brooks achieve a transaction that received board approval and will help continue providing quality health care to the Carthage, Missouri, community.