Covenant Management in Uncertain Times

47 minute
Stethoscope and spreadsheet

Not-for-profit hospitals are experiencing one of the most financially turbulent periods in recent history given fierce workforce challenges, unpredictable volume and the dissipation of CARES Act funding. Many hospitals are facing potential financial covenant violations as a result. Communications to key internal stakeholders such as board members and other c-suite executives, as well as external stakeholders such as creditors and rating agencies are integral in managing covenant breaches. Hear from our panel of experts on how to prepare and manage covenant breaches while developing a path toward financial sustainability.

In this webinar our industry veterans explain what a hospital’s covenant requirements mean, implications of breaching an organization’s covenants and tactical steps to take in the event of a violation. Our experts will also discuss the importance of socializing the key message that meeting covenants are everyone’s responsibility, as is building longer-term financial sustainability.

Matt Robbins provides partnership and financial advisory services for a broad range of healthcare clients engaged in various types of transactions, such as borrowings, debt restructurings, derivatives, mergers, acquisitions, and joint ventures.
Dawn Samaras
Dawn Samaris advises healthcare leaders nationwide on a broad range of initiatives, including strategic and financial planning, physician alignment strategies, post-acute strategies, and business and structural planning for merger, acquisition, and partnership transactions.
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