Ari Medoff's (HBS '11) goal was to control his own professional destiny by owning his own company. His search identified an appropriate acquisition in House Nursing of North Carolina, and he had negotiated a price of $3.5 million, or 4.2x trailing EBITDA.
Medoff anticipated close the transaction in only a few weeks, ordered funding, and completed the legal documents required to complete the acquisition and had completed his due diligence. But the sellers astonishingly asked to renegotiate the conditions of the note they had consented to early in the acquisition process. Medoff must decide whether to renegotiate the debt or left the trade.
PUBLICATION DATE: June 29, 2012 PRODUCT #: 212120-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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