Medico, Inc. – This New Jersey-based contract pharmaceutical manufacturer was in chapter 11 and shut down because it could not generate enough cash to fund operations when SC&H Capital was retained. Despite old equipment and questionable inventory, SC&H felt the business may have going concern value to someone and quickly conducted a broad, intensive marketing process.
Almost 80 companies looked at the opportunity and 21 conducted due diligence. Those efforts resulted in a sale just ten weeks after SC&H began the engagement. The value far exceeded expectations, Medico’s management received employment offers, and the company restarted operations.