Wells Fargo Bank, N.a., (F/K/A Wachovia National Bank of Florida)
KM was retained by the Bank to provide reliable and objective financial and viability assessments of various troubled secured lending relationships, review of the feasibility of Plans of Reorganization and investigate the conduct of management and business transactions. The services included turnaround-consulting, investigation of entities in healthcare, hospitality and franchise industries including:
ContinuCare Corp. – Multi-corporate, publicly- traded physician practice management business and healthcare provider in private medicine and managed care services.
National Consulting Group – Multi-corporate and multi-location alcohol and substance abuse rehabilitation services with revenues from Medicare and state funding
Communication Services Group – Multi-corporate telemarketer with revenues exceeding $50 million.
Lover’s Key Development – Hotel and condominium motel suites.
New World Entertainment, Inc. – Blockbuster Superstore
Crescent Airways – Airplane and helicopter charter and tour business in Florida and Hawaii
Palm Beach Institute – Psychiatric rehabilitation facility
Tech Marine, Inc. – Investigate reorganization versus liquidation options
Sunshine Masonry, Inc. – Construction industry
National Fisheries, Inc. – seafood purveyors
Continuum Condominium – mortgage fraud
Lu-Mar Shrimp & Lobster – Seafood purveyor
Builders Choice USA, Inc. – Building materials