Take a Deeper Look at Some of our Previous Award Recipients
The Turnaround and Transaction of the Year awards are two of the TMA Big Tent’s most prestigious awards as they showcase what our members truly do best. Learn more about some of the past Turnaround and Transaction Award winners below!
2018 Turnaround and Transaction Awards
TMA honors excellence through its annual awards program. The 2018 Turnaround and Transaction Awards were presented at the 2018 Annual conference in Colorado Springs, CO on September 27.
Read in-depth descriptions of the 2018 Turnaround and Transaction Award winners here.
2017 Turnaround of the Year, Small Company Award Winner: Vermont Aerospace
Jeff Sands, CTP, of Dorset Partners; Larry Schwoeri of American Industrial Acquisition Corporation (AIAC); Jon Verbeck of Verbeck Associates; and Kristin Wainright of Tobin, Carberry, O’Malley, Riley & Selinger were recognized as winners of the TMA Small Company Turnaround of the Year Award for 2017 for their work with Vermont Aerospace Company. They recently spoke with Cathy Reece of Fennemore Craig PC, a member of the Awards Committee, about how they achieved a successful turnaround of the company.
Read more about their success story here or listen to the Podcast titled "Saving the Vermont Aerospace Company."
2016 Transaction of the Year, Non-Profit Award Winner: Tuomey
Founded in 1913, Tuomey is a "sole community provider" general acute care hospital in rural South Carolina. So rural that the closest hospitals providing comparable care are a one-hour drive away. Tuomey's financial stability began to deteriorate in 2007 when the qui tam complaint in the United States ex rel. Drakeford v. Tuomey ("Drakeford") was unsealed. The Drakeford judgment, together with continuing cash operating losses from Tuomey's operations, left Tuomey insolvent. Further, Tuomey lost its long-standing senior officers and outside law firm due to DOJ demands during settlement negotiations. On top of causing insolvency and a leadership vacuum, the Drakeford judgment effectively gave the DOJ the ability to shut Tuomey down by excluding it from the Medicare program.
In the 15-minute podcast, hear from key players in the Tuomey Transaction on how they overcame these challenges to bring Tuomey out of insolvency.
Listen to the podcast titled, "Deep Dive into the Tuomey Healthcare System".
As a reminder, we're currently accepting entries for the 2019 Turnaround and Transaction Awards through February 14, 2019, at 11:59 pm PST