The Turnaround Management Association (TMA) has awarded Stout with the 2019 Mid-Size Company Turnaround of the Year Award.
The award is in recognition of Stout’s work on the Acadiana Management Group (AMG) turnaround. AMG, a privately owned operator of long-term acute-care hospitals and inpatient rehabilitation services, completed its in-court restructuring and emerged from bankruptcy on May 8, 2018. Stout served as the debtor’s exclusive financial advisor throughout the process.
The TMA Turnaround and Transaction Awards are among the most prestigious recognitions in the industry. The awards are given after many rounds of diligence and analysis by volunteer awards committee members representing a cross section of TMA professionals.