October 27, 2021

Three key considerations for a successful turnaround

August 6, 2021 | Ginny Housum

Ginny Housum, senior vice president and workout specialist at UMB Bank, was recently recognized by the Turnaround Management Association (TMA) Minnesota for her work as trustee on a successful turnaround that included the stabilization and asset sale of a 90-unit senior care facility in Minnesota, which positioned the facility for long-term financial resiliency, and providing the town where the facility is located with a stable employer providing high quality of care to its vulnerable population.

With more than 25 years of experience and with a focus on municipal bond project financings, including continuing care retirement communities (CCRCs) and other senior housing issues, Ginny has accumulated a wealth of knowledge on how to support distressed debt and a successful turnaround. Below, she shares three key considerations when executing a successful turnaround.

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