Los Angeles, CA – July 27, 2020 – Two Prominent Consulting Firms Partner to Provide a Holistic Perspective in Turnarounds, M&A, Restructures and Recapitalization.
With the healthcare business landscape changing rapidly as a result of the COVID-19 pandemic, Los Angeles-based T2 Tech Group and Houston-based MACCO Restructuring Group have formed a new strategic partnership to more closely align IT and business strategy. Combining T2 Tech’s industry-leading IT consulting, advisory and project management services with MACCO’s responsive, high-touch restructuring counsel and unique blend of cross-sector expertise, the two prominent consulting firms will provide services to middle-market clients across diverse industries.
Mergers, acquisitions, restructures and recapitalization are key growth strategies for organizations across every industry as companies begin planning beyond the pandemic. At least 42 hospitals across the U.S. that have closed their doors or are filing for bankruptcy this year, as the healthcare industry continues facing financial challenges compounded by the Coronavirus pandemic. As a trusted partner working alongside MACCO, T2 Tech Group will leverage its deep understanding of the healthcare industry and IT solutions to align technology with business strategies and deliver plans that help drive revenue, reduce cost and mitigate risk for clients.
“It’s more important now than ever to remain forward-thinking in IT strategies and optimize IT spend in order to make bold, technology-driven business transformations,” said Kevin Torf, co-founder and managing partner of T2 Tech Group. “Our partnership with MACCO is very powerful and timely as the pandemic has caused many organizations to explore mergers, acquisitions, restructures and recapitalization. There’s so much at stake when evaluating these options, but our proven IT assessments and advisory services uncover the key variables needed to make strategic decisions.”
With hospitals and other businesses consolidating and looking for alternative options, investors will find opportunities for significant short- and long-term returns. By combining forces and aligning business and technology strategies, T2 Tech and MACCO are positioned as the leaders in their respective industries to provide insights that are critical to understanding the economics and identifying opportunities to effectively compete in a new marketplace.
“The pandemic has caused financial and operational distress for many businesses across the country, and it’s critical for business leaders to holistically assess and analyze the situation to mitigate risk and control damages,” said Drew McManigle, founder and managing partner of MACCO Restructuring Group. “While MACCO is industry agnostic, partnering with T2 Tech seamlessly blends with our healthcare practice, where we provide strategic advice and restructuring expertise to hospitals and healthcare services, including durable medical equipment and healthcare device manufacturers. I strongly believe this partnership will only underscore the broad scope and deep capabilities that enables both firms to provide ‘best in class’ solutions to our clients.”
About T2 Tech Group
T2 Tech Group is a leader in the practical application of technology for healthcare and a range of other industries. Since 2006, T2 Tech has consistently delivered quality consulting and management advisory services to executives and IT leaders. The T2 Tech team balances business and IT needs, uses a proven methodology, oversees projects from assessment to post-implementation and practices transparency in everything they do. For additional information, visit: t2techgroup.com, or visit T2 Tech Group on Facebook, Twitter and LinkedIn.
MACCO Restructuring Group, LLC is a middle-market focused interim leadership and financial advisory practice based in Houston with offices in Denver, Wilmington, and soon, New York City. MACCO is comprised of professionals with real-world business experience who have led and managed companies, acted as CEOs, CROs, CFOs and Senior Lenders. Businesses in crisis and the people who own and/or manage them should have access to affordable, straightforward solutions. Our expertise, along with our attributes of independence, high ethical standards, and willingness to take accountability, allow us to act quickly, move confidently and execute precisely to put out the fire and protect the stakeholders from getting burned.