HOME
 


  ADVISORY SERVICE  
  INDUSTRY & TRANSACTIONS  
  ARTICLES & SPONSORSHIPS  
  OUR PROFESSIONALS  
  CLIENT LOGIN  
  EMPLOYEE LOGIN  
  CHIRON EQUITIES, L.L.C.  
Industry & Transactions Industry & Transactions
BUILDING PRODUCTS &
CONSTRUCTION SERVICES
CONSUMER PRODUCTS
ENERGY
HEALTHCARE  
REAL ESTATE  
TECHNOLOGY  
Real Estate

Based in Houston, Texas, Century Care of America owned five skilled nursing and long term health facilities throughout Texas. The company provided healthcare services primarily through third-party administration of skilled nursing services under Medicare and long-term care services under Medicaid. Chiron Financial Advisors, L.L.C. was retained by the official committee of unsecured creditors to evaluate the company's operations and financial condition and to evaluate and develop alternatives to the company's proposed plan of reorganization. The unsecured creditors achieved a significant recovery over the initial plan of reorganization which was filed early in the case.


Compass Bank was a construction loan lender to a Houston-based homebuilder. The homebuilder was involved in major litigation which ultimately resulted in a judgment against the homebuilder, which sought protection under a Chapter 11bankruptcy filing to reorganize its business. Compass Bank was willing to provide debtor-in-possession financing to complete the projects. The judgment creditor had objected to such financing. Chiron Financial Advisors, L.L.C. was hired by the lender to provide expert testimony relative to valuation of assets increasing by allowing DIP financing. Subsequently, the projects were completed and sold, and more value was realized by the estate.


Doctors' Hospital is a 229-bed Houston hospital and 50,000-square-foot medical office building serving the indigent and working-poor population. The company receives more than 75% of its revenues from government-based insurance programs. In 2003, the company began experiencing declining admissions and a shift from Medicare to Medicaid managed care. The declining admissions coupled with reduced cash flow and a $40 million debt load forced the company to seek reorganization in Chapter 11bankruptcy protection. Chiron Financial Advisors, L.L.C. was engaged as the investment bank to the official unsecured committee and successful in facilitating a reorganization.


Marshall Ranch is a golf course-anchored master-planned community located on the north side of Lake Travis, Texas. As initially conceived, the master plan for Marshall Ranch included 208 estate-acreage home sites on 1,400 acres. Chiron Financial Advisors, L.L.C. was engaged by an investor group to assist it in acquiring the senior secured indebtedness of all partnerships in bankruptcy, advise it through the bankruptcy process and propose a plan of reorganization. Chiron Financial Advisors, L.L.C.'s client was subsequently out-bid in the auction process.


Renata Resort, LLC is a Florida-based company established to erect a 23-story high-rise condominium in Panama City Beach. The company was facing financial distress and Chiron Financial Advisors, L.L.C. was hired as the exclusive financial advisor. Chiron Financial Advisors, L.L.C. was successful in arranging a debtor-in-possession facility to allow sufficient time to conduct an auction to sell the Company, maximizing value to the estate.


Switzer Petroleum Products, Inc. owned and operated a chain of retail convenience stores and gas stations throughout the Dallas/Fort Worth Metroplex. In addition, the company provided wholesale fuel distribution services to both company-owned and/or leased facilities throughout the area. Chiron Financial Advisors, L.L.C. was retained by the official committee of unsecured creditors to provide a range of financial advisory services. These services included broad valuation of the company's principal assets, including real estate and evaluation of Switzer's reorganization proposals.



© Chiron Financial Advisors, L.L.C. | Contact