Winter Harbor LLC

American HomePatient

American HomePatient Completes Strategic Restructuring


American HomePatient is one of the nation’s top 5 largest diversified home healthcare providers, supplying home medical products and services to over one million patients with over 250 locations across the United States. They specialize in treating obstructive sleep apnea and sleep-related respiratory issues. In addition to offering specialized treatment, American HomePatient provides supplies and equipment to patients with sleep, nutritional or physical deficiencies, including wheel chairs, hospital beds, nebulizers, feeding tubes and infusion pumps. Collectively, American HomePatients’ products and services generate $270 million in annual revenue.

Our Role

Winter Harbor served as Chief Restructuring Officer after completing an extensive, strategic review of American HomePatient.

  • Performed comprehensive review of American HomePatients' business operations and financial status.

  • Reviewed cash flow statements, budget reports and balance sheets to develop financial models for the following 6 to 12-months.

  • Partnered with American HomePatient management to develop turnaround and reorganization plan.

  • Monitored management’s implementation of the plan throughout a six month period.

  • Served as liaison between American HomePatient and their financial constituents as they underwent restructuring.

Engagement Outcome

During the engagement, Winter Harbor developed a comprehensive business plan by assessing the financial position of American HomePatient and profitability of each service line and healthcare item. We analyzed the Company’s financial statements and cash flows, recommending expenditure improvements. We evaluated American HomePatients’ turnaround plan and worked with Management to implement the plan over a 6-month period.