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PPP Loans & Change of Ownership Transactions

At Blue & Co. LLC, we continue to monitor and disseminate impactful information to our clients in connection with their PPP loans advanced through the SBA in connection with the CARES Act.

Some clients that have received PPP funds have raised concerns about entering into transactions (on either the sell or buy side) with parties that have also received PPP funds and how that will ultimately impact forgiveness on the loans. On Friday, October 2nd, the SBA released a SBA Procedural Notice detailing the impact concerning the required procedures for changes of ownership of an entity that has received PPP funds. Specifically the Procedural Notices addresses:

  • Cases in which SBA prior approval is not required.
  • Cases in which SBA prior approval is required.
  • All sales or other transfers of common stock or other ownership interest or mergers, whether or not the sale requires SBA’s prior approval.

Click here for a complete release of the Procedural Notice.

If you would like additional information or further discussion on how this impacts your organization, please contact your local Blue & Co. advisor. 

Pharmacy Benefit Managers: What is Your Plan Paying For?

Pharmacy Benefit Managers: What is Your Plan Paying For?

The world of pharmacy benefits continues to get more complicated, and that is unfortunately not an accident. Pharmacy benefit managers, also known as PBMs, such as Optum, CVS Health, and Express Scripts, cover more than 80% of the American public’s pharmacy needs. Due to their size and control over the pharmacy industry, they can negotiate […]

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pharmacy benefits

On-Demand Webinar: Transparency and Control, Demystifying Pharmacy Benefits

The world of pharmacy benefits is not transparent by design — pharmacy benefit managers do not want you to look into where your costs are truly going. Join Blue & Co., LLC on Tuesday, April 13 from noon to 1 p.m. for a webinar where our team of Pharmacy Consultants will explain how pharmacy benefit […]

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Revenue Improvement

Revenue Improvement Case Study: Outpatient Physical and Occupational Therapy

Blue & Co. reviewed publicly available information on a 120 bed, non-profit, acute-care hospital. The data suggested there was revenue improvement opportunity in their outpatient physical and occupational therapy departments. The department had approximately 27,000 patient visits the previous year. During an assessment, we co-validated a significant set of revenue improvement opportunities: charge capture improvement, […]

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