JLM FINANCIAL HEALTHCARE, LP

Case Highlights

• Managed cash, budgeting and reporting for the operating entities
• Prepared monthly reporting for the Bankruptcy Court
• Coordinated collection of medical receivables on behalf of the debtors

Case Narrative

JLM Financial Healthcare, LP was the holding company for nine (9) entities that each operate nine (9) nursing homes located in Illinois. All of the entities filed Chapter 11 in October 2017. DSI was hired as financial advisor in early 2018 to assist in the financial reporting necessary for the Use of Cash Collateral and the Bankruptcy Court. In late 2018, DSI’s role was expanded temporarily to include providing assistance in the collection of accounts receivable from the State of Illinois and the Managed Care Organizations. The Plan of Reorganization went effective in August 2019 and provided for the sale of all of the nursing homes as going concerns.