By Bobby Guy
 
We've discussed the importance of early intervention for struggling healthcare companies in the current market.  Who are the major players in the healthcare field when it comes to financial advisory and turnaround management services?  Managers should have this list, because hiring a good financial advisor is often more important to improving performance.  Indeed, while lawyers are often good referral sources for financial advisory firms, hiring an experienced financial advisor is often a step that should precede hiring restructuring counsel. 
 
Without being fully inclusive (no list could be), here are the names of some of the major firms that specialize in providing financial advice to struggling companies in the healthcare industry -- most are not exclusive to distress, but work for healthy companies in performance consulting and similar functions as well.  These are set out in alphabetical order (the tyranny of the alphabet avoids any show of preference), and this is not a recommendation, but a list of firms that have demonstrated specialized expertise in the healthcare field.  If we've missed one of the majors, we'd look forward to hearing about it (we're sure we will), and will include them in a follow-up blog. 
 
• Alvarez & Marsal
• Bridge Advisors 
• Capstone Advisors 
• Centre Health Partners (a Division of Morris Anderson)  
• Cohen & Steers Financial Advisors 
• Conway, Del Genio, Gries & Co. 
• Focus Management  
• FTI/Cambio  
• Healthcare Management Partners  
• Healthcare MCR 
• Huron/Wellspring  
• Houlihan Lokey Howard & Zukin  
• Navigant Consulting  
  
For questions about or contact information regarding any of these firms, e-mail bobby.guy@wallerlaw.com.