Path Medical

Carl Marks Advisors (CMA) was engaged as financial advisor to support the company in managing daily operations, negotiating with senior secured lenders (including securing bridge financing), and providing a comprehensive assessment of clinical operations.

CMA led a restructuring of the organization’s operational framework, creating distinct segments for operations, finance, and compliance. They also evaluated expansion opportunities in North Florida clinics, where higher PIP levels could boost profitability, and worked on rebuilding community reputation following challenging litigation.

Operationally, CMA introduced clinic performance metrics, addressed below-market salaries to reduce turnover, and developed training programs to enhance employee competencies and implement cross-training. Additionally, CMA automated manual processes with improved software solutions and assessed alternative revenue streams, building systems to accommodate new payment methods while considering regulatory and operational impacts.