|Date||Industry||Event Name||Our Role||Location|
|Jun 26, 2020||Virtual Event – Healthcare Opportunities in Diagnostics Learn More||Host||Replay|
Join Intrepid bankers Adam Abramowitz and Kyle Berkman for our next Intrepid Clinic: Opportunities in Diagnostics Webinar. The pandemic has generated a clarion call highlighting the importance of diagnostics. While many labs have faced near-term challenges, innovative technological advances are creating exciting opportunities across various diagnostics segments from point-of-care solutions to specialty and genetic testing. What areas will investors and strategic buyers target coming out of this pandemic? With leaders from different vantage points of the diagnostics ecosystem, our panel will discuss the latest industry trends and which sectors are poised for growth.
Date: Friday, June 26,2020
|Jun 11, 2020||Webinar – State of M&A: Investing in the Time of COVID-19 Learn More||Host||Live Webinar|
Join Intrepid senior banker Gary Rabishaw, Managing Director, as he moderates a Webinar panel on the current state of M&A.
Thursday, June 11, 2020 | 4-5 p.m. PST
Industry peers from the private equity community will discuss their thoughts on what lies ahead.
The seasoned PE panelists are all experienced investors who have dealt with market disruptions before and they plan to address these and other pertinent questions as we all prepare for deal making post COVID-19.
|May 28, 2020 - Aug 01, 2020||Virtual Event – Analyst Recruitment Series Learn More||Host||Live Webinar|
While our team unfortunately could not visit universities this spring as originally planned, the recruitment of bright Analysts and Summer Analysts remains core to supporting our continued growth as a firm. In lieu of such trips, we are hosting virtual information sessions to offer interested students a glimpse into the life of an Analyst working at Intrepid.
Featured Webinar presenters include:
Should you be unable to attend, we had our current Analysts produce a short video about their Intrepid experience. View at your own risk–forgive our quarantine hair styles!
Watch the video to learn more and meet our analyst class.
|May 27, 2020||Virtual Event – Distressed M&A Webinar Learn More||Host||Live Webinar|
Opportunities, Risks, and Positioning in the Aftermath of COVID-19
As we move past the immediate task of reopening businesses following the initial post-COVID-19 tidal wave, many businesses and investors will focus on long term opportunities and challenges. Join our Head of Strategic Relationships, Rick Chance, as he and a panel of experts discuss the risks, opportunities, and positioning of deals.
ACG Orange County Webinar | Wednesday, May 27th, 2 – 3 p.m.
|May 15, 2020||Virtual Event – Healthcare Opportunities Beyond the Crisis Learn More||Host||Live Webinar|
What conversations are going on in healthcare boardrooms right now? How will the COVID-19 crisis impact healthcare dealmaking? What sectors will private equity investors and strategic buyers continue to target? What will they avoid? How will key healthcare stakeholders re-evaluate their M&A strategies? Join us on Friday, May 15th, 2020 for an exclusive video panel discussion with highly regarded healthcare dealmakers for real-time, in-depth perspectives.
Before we hear from healthcare executives on the front lines of M&A and investing, we’ll hear from Andreas Dirnagl, MUFG’s Head of Global Healthcare Research, for an update on the economic impact of COVID-19 across the healthcare ecosystem.
Date: Friday, May 15, 2020
Opening Remarks & Moderators
Healthcare Market Observations
|May 06, 2020||Virtual Event – CSQ Speaker Series “The State of Finance” Learn More||Host||Live Webinar|
As markets go through historic volatility due to the COVID-19 pandemic, business leaders need the best and timeliest information from top experts. That’s why we’ve enlisted California State Treasurer Fiona Ma and some of the sharpest minds in finance for a virtual private conversation on how these unprecedented financial markets have impacted everything from M&A and restructuring to navigating a worsened housing crisis—and how businesses can work with government programs to carve a path forward.
Intrepid Chairman, Jim Freedman will be a featured panelist.
Join us on May 6th at 11 AM – 12 PM PST (2PM – 3PM EST) for a 45-min panel followed by a 15-min Q&A.
|May 05, 2020||How Healthcare Executives Are Reacting to Coronavirus Learn More||Host||Conference|
Insights From Intrepid’s Medicate Event: How Are Healthcare Executives Reacting to Coronavirus?
During our recent Medicate Intrepid event, we discussed how California’s top healthcare executives are responding to the COVID-19 coronavirus and how it is affecting their businesses, employees and clients. Leaders in healthcare staffing, urgent care, orthopedics, autism, dental and more shared several important observations and recommendations, including:
Many companies are taking swift actions to manage or contain the virus’ spread:
Several provider groups are taking immediate precautions:
As a result, several businesses are experiencing and documenting business interruption “coronavirus addbacks”:
At the same time, several industry sectors are poised for substantial gains during this period, which they hope to sustain long-term:
And, most consistently, everyone is educating their employees on the essential importance of more vigilant hand washing.
|Dec 04, 2019||Best Practices for Preparing Your Healthcare Company for a Transaction Learn More||Host||Live Webinar|
Intrepid’s Healthcare Group recently co-chaired a healthcare M&A Webinar with accounting firm RSM which highlighted best practices in preparing a healthcare business for a transaction. Panelists discussed perspectives from both sides of the table: the Head of M&A for one of largest and most acquisitive physician services organizations in the country (Ernest Varvoutis from Team Health) and a C-suite executive for a laboratory services business in one of today’s most exciting new areas of consolidation (Robert Chilton from Ovation Fertility).
Key Takeaways from the Webinar
Get Your Financial House in Order
It is never too early to start preparing, either by developing a system for reporting monthly financial statements, assembling a data room, or obtaining a quality of earnings report, all of which are vital factors in streamlining a diligence process.
Prepare the “Right” Financials
Investors and acquirers want to see GAAP, accrual-based financials. Also, with so many complexities in the healthcare revenue cycle, it is important that you can articulate the impact of reimbursement rate changes and the predictability of any payer irregularities, such as recoupments.
Compliance Is Key
Ensure that experienced healthcare legal counsel has vetted your activities and legal structure. Inappropriate or aggressive tactics will likely be identified in diligence, normalized in a buyer’s review, and potentially blow up a deal.
Invest in Scalable Infrastructure
Regardless of a company’s quality or outcomes, much of the value in a healthcare business lies in the managed services organization that handles its billing, collections, compliance, contracting, HR and other key back-office functions. Healthcare service providers lacking in this area will find difficulty attracting a premium multiple.
It Takes a Village
Don’t try to go at it alone. Hire strong healthcare-focused accountants, legal advisors and M&A advisors to best position you for a successful outcome.
A recording of the Webinar and presentation slides are available for complementary download. For those that would like to learn more, please don’t hesitate to reach out.