FOR IMMEDIATE RELEASE
March 22, 2007
Contact: Richard John, (813) 281-0062
Tampa, FL, March 22, 2007 – J. Tim Pruban, President of Focus Management Group, proudly announced today that the nationwide business restructuring and turnaround consulting firm was awarded the Health Care Deal of the Year and the Services Deal of the Year for its lead role in the Chapter 11 bankruptcy filing and subsequent successful reorganization of Community Eldercare Services, LLC.
The M&A Advisor recognized winners in 14 categories at the Inaugural M&A Advisor Turnaround Awards Dinner, held in West Palm Beach on March 19, 2007. The recognition program honored top professionals and the deals they completed in 2006 in the area of Turnarounds, Reorganizations and Bankruptcy Restructurings. Focus Management Group was selected as a finalist in three separate categories overall, and awarded first place in two such categories.
“We are honored that The M&A Advisor chose to recognize Focus Management Group for our accomplishments in this unique transaction,” said Mr. Pruban. ”The success of the Community Eldercare Services reorganization had a positive impact on all interested parties and demonstrated the expertise of our firm’s professionals in business restructuring and bankruptcy management.”
Community Eldercare Services, LLC, a regional nursing home chain, was led through to its successful restructuring by Managing Directors Jeff Granger and Gerry Paez. Both are restructuring specialists with extensive leadership experience in Chapter 11 reorganizations, financial restructurings and operational turnarounds. Mr. Granger and Mr. Paez can be reached at 800-528-8985.
About Focus Management Group
Focus Management Group offers nationwide capabilities in turnaround management, business restructuring and asset recovery. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Greenwich, Los Angeles and Nashville, Focus Management Group provides turn-key support to stakeholders including secured lenders and equity sponsors. The Company provides a comprehensive array of services including turnaround management, interim management, operational analysis and process improvement, bank and creditor negotiation, asset recovery, recapitalization services and investment bankers to distressed companies.
Over the past decade, Focus Management Group has successfully assisted hundreds of clients operating in diverse industries, guiding them to maximize performance or asset recovery. Adverse situations are Focus Management Group’s forte – finding winning compromises in a timely manner when faced with the most discouraging of circumstances is what separates Focus Management Group from the competition.