Medical Waste Incineration Company
An eastern U.S. city’s largest medical waste disposal facility, upon which 22 regional hospitals and numerous clinics depended, was being crushed by debt and was close to mechanical and operational collapse. The company’s owners and customers were desperate for solutions to maintain this critically important service. A venture capital firm asked McShane Group to help them develop viable options. A plan was developed and executed which restructured ownership, management and debt. The plan also provided for a capital infusion from the venture firm. Simultaneous with the funding, McShane Group was hired to manage the operations of the company through a four million dollar capital improvement project and financial turnaround.
Within 60 days, McShane Group revamped the entire transportation system improving on-time performance from less than 50% to 99%. The capital improvement project is proceeding on schedule along with substantially improved operating and financial performance.
HOME FINANCIAL SUPPORT CAPITAL ACCESS CORPORATE RENEWAL OUR PROFESSIONALS INDUSTRY EXPERIENCE CONTACT US
© 2012 McShane Group, LLC