Assisting a Healthcare Company Through the Sale Process


Annual Sales


in Debt

Oncology Hematology Care (OHC), Cincinnati Ohio


50 doctor private cancer practice. $250 million revenue. $30 million debt. 17 locations in 3 states. Market leader in Southern Ohio.

  • Founding partner retired and left leadership gap for multiple years
  • Company burned thru $17 million of cash with billing cycle problems and failing to address money losing locations and physicians’ compensation issues
  • Company had weak financial controls and systems
  • New Management team was all non-healthcare industry managers
  • Company was almost out of cash and in default of its loan agreement


  • Focus on billing cycle issues and collecting old accounts receivable to generate cash
  • Adjust physicians compensation to be a function of current cash situation
  • Reduce costs across in all areas
  • Encourage some physicians to seek alternative employment
  • Reposition Company for sale to large hospital system and assist with sale


  • Company was successfully sold in two separate transactions.
  • Physician owners received a meaningful equity distribution and long-term financial stability for their practice.