Our Services
With 40 team members across 11 states, BY&S provides innovative solutions for your portfolio through our collective industry knowledge, ability to efficiently analyze complex data, and flexibility to work with and meet our client’s needs. We complete an average of 400+ healthcare projects for our clients each year including ABL due diligence field exam projects, quality of earnings reports, loan monitoring and servicing, workout services, and various special projects. Our products provide you with the tools, analysis, and recommendations, through a custom-tailored report, to help you make the best-informed credit decisions. We have built a strong, dedicated, industry-leading team of healthcare professionals ready to tackle any challenge in the ever-changing healthcare industry.
Healthcare ABL Due Diligence
With 35+ members and management that shares over 100 years of combined Healthcare ABL experience, BY&S is the gold standard for healthcare field examinations and can tailor scope to meet the needs of our clients. Timely communication before, during and after fieldwork is at the forefront of our exam process, keeping you informed of credit concerns as they arise. Our focus and background within the healthcare industry provides a unique insight into the complexities of the healthcare system and a thorough understanding of industry-specific impairments. Think of us as more than a collateral exam firm, but as an extension of your team.
Traditional ABL Due Diligence
BY&S is a trusted provider of comprehensive field examination services for commercial banks and finance companies. Our services include Survey and Recurring Examinations, Physical Inventory counts, and special scope/workout services and can be tailored to conform to your specific needs. We have a wide range of expertise, including apparel and textiles, consumer and retail, construction, and many other industries. At BY&S, we understand the importance of effective communication throughout the field examination process. We pride ourselves on the collaboration efforts our team makes and consider BY&S to be an extension of our clients and their team.
Monitoring Services
BY&S’ monitoring services can range from monitoring a single data point or risk area to fully servicing a loan for a client. BY&S can monitor specific risk areas such as payroll and provider taxes, CMS surveys, lockbox and banking activity, and more. We also prepare borrowing base calculations and review borrower submissions. For borrowers with numerous entities, BY&S’ monitoring services adds value through our ability to efficiently process data and provide monthly reporting on the risks our lenders are concerned with through custom-tailored reports, dashboards, and charts. Ongoing monitoring provides lenders with peace of mind, knowing that critical items are being tracked and concerns are being communicated in a timely manner.
Quality of Earnings
These exams provide healthcare lenders, and investors the confidence that Net Operating Income materially reconciles to the bank statement receipts and bank statement disbursements. This validation helps inform Healthcare buyers, real estate lenders, and investors whether the as-stated earnings are an adequate representation or foundation from which to underwrite. We then present a proforma EBITDA or EBITDAR, which highlights our assessment of the economic earnings power of the potential target or borrower. We work with each client to tailor our exams to meet their specific requirements. Contact us today to see how we can help meet your needs.
Workout and Other Services
With continued uncertainty and change in the healthcare industry, there are always operators that fail to adjust and overcome the challenges they face. This results in lenders having to rework or exit certain transactions. BY&S’ depth of senior management experience and resources allows us to help our clients in these high risk and workout situations. Whether it is obtaining information and answers, managing a crisis, assisting with interim management, overseeing the orderly liquidation of collateral, or providing ongoing reporting and monitoring, BY&S can help you manage and mitigate risk with these difficult transactions. We can also represent you in a bankruptcy situation and have acted as an expert witness in numerous bankruptcy hearings.
