Restructuring & Special Situations
Calm leadership when the stakes are high—and the clock is running.
Frank Saidara guides boards and management teams through restructurings and complex stakeholder environments—balancing legal risk, operational continuity, and speed. Experience includes leading in-court restructuring work for Prospect Medical Holdings, Inc., a healthcare organization with ~15 hospitals, ~17,000 employees, and ~$3.0B in annual revenue, with a restructuring involving ~$2B in funded debt.
Best Fit For
Boards and management teams facing out-of-court or in-court restructuring decisions
Healthcare organizations where legal decisions affect patient care, workforce, and payor relationships
Stakeholders, lenders, and investors navigating distressed or special situations
Restructuring Services
Rapid Options Assessment
Out-of-court vs. in-court, asset sales, refinancing, and strategic alternatives—evaluated against business reality.
Stakeholder Strategy
Negotiation support with lenders, creditors, investors, and key counterparties.
Execution Leadership
Workstreams, approvals, documentation, deadlines, and coordination with advisors.
Board & Governance Support
Process and documentation discipline during distressed decision-making.
Healthcare Matters
Healthcare restructurings require operator judgment because legal decisions affect ongoing patient care, workforce stability, payor relationships, and regulatory constraints.
Plan Administrator - Prospect Medical Holdings Inc.
In connection with Prospect's restructuring, Frank Saidara served in a plan administrator capacity—responsible for carrying out the court-approved restructuring plan.
Managing the implementation timeline and key deliverables
Coordinating required notices, reporting, and compliance items
Overseeing processes tied to claims, reconciliations, and distributions (as applicable)
Maintaining records and ensuring the plan's required governance steps are completed
Exact responsibilities vary by the plan documents and court orders.
Discuss a Special Situation
Whether you're evaluating restructuring options or need an experienced plan administrator, Frank Saidara is prepared to help.
Contact Frank Saidara