The Company is a provider of specialty care and educational services to adolescents and adults in Midwest, Norteast and Southeast, with a tradition of serving the most difficult populations, ranging from psychosis to extreme behavior disorders, as well as the dually-diagnosed population.

The Company had experienced rapid growth since its  management buyout and was seeking to solidify its banking relationship and position itself for continued growth.

Accounting restatements, as well as continued investment in real estate and treatment facilities, had caused significant cash flow pressures and a lack of funding for future expansion.

Fort Dearborn Partners played a vital role in assisting the Company in developing short-term cash forecasting tools, identification of cost reductions and profit improvement initiatives, creation of cost and accounting controls, and development of a long-term forecast, all of which were crucial in positioning the Company for refinancing.

Fort Dearborn Partners successfully negotiated with the previous lender to retain a position in their outstanding debt, in order to facilitate the transaction.

The Company was able to successfully refinance its outstanding debt with a new capital provider and the existing capital provider to deliver additional liquidity and stability to the Company.