Assess whether working capital should be a walk-away (5499a4)

SITUATION Carve-out separation lead is responsible for working capital should be in a health-system acquiring a specialty practice, using customer concentration and termination-for-convenience clauses as the only working extract. A customer who just sent a non-renewal is what reset the timeline for this M&A Due Diligence People and Contracts file.

DECISION Carve-out separation lead in a health-system acquiring a specialty practice must choose Proceed / Reprice / Walk / Hold using customer concentration and termination-for-convenience clauses after a customer who just sent a non-renewal.

HYPOTHESES TO TEST 1. A customer who just sent a non-renewal is noise around an already-controlled People and Contracts process in a health-system acquiring a specialty practice, given customer concentration and termination-for-convenience clauses. 2. A customer who just sent a non-renewal is the event in customer concentration and termination-for-convenience clauses that forces Proceed for carve-out separation lead under M&A Due Diligence. 3. Customer concentration and termination-for-convenience clauses shows a one-file miss after a customer who just sent a non-renewal, not a People and Contracts program failure. 4. Customer concentration and termination-for-convenience clauses cannot decide working capital should be yet after a customer who just sent a non-renewal; hold is the only M&A Due Diligence close a health-system acquiring a specialty practice can defend.

ANALYSIS REQUIRED 1. Tie quality-of-earnings, working-capital, and contingent items in customer concentration and termination-for-convenience clauses to working capital should be. 2. Name the document carve-out separation lead still needs before signing. 3. Test whether a customer who just sent a non-renewal is a diligence gap, a price chip, or a walk-away. 4. For this M&A Due Diligence People and Contracts file, read customer concentration and termination-for-convenience clauses against a customer who just sent a non-renewal and write the one fact that would move working capital should be for carve-out separation lead.

RECOMMENDATION Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / People and Contracts packet (customer concentration and termination-for-convenience clauses after a customer who just sent a non-renewal). Lead with the M&A Due Diligence option customer concentration and termination-for-convenience clauses can support after a customer who just sent a non-renewal, then the two facts that force it, then the Monday action for carve-out separation lead in a health-system acquiring a specialty practice.

COMMAND RETURNS - Bottom-line M&A Due Diligence option on working capital should be, then the evidence in customer concentration and termination-for-convenience clauses, then the action for carve-out separation lead - Hypothesis scorecard against customer concentration and termination-for-convenience clauses: supported / rejected / untestable - Owner and next date for carve-out separation lead in a health-system acquiring a specialty practice - What changes working capital should be if a customer who just sent a non-renewal is later withdrawn