13-22840-rdd Doc 731 Filed 06/23/14 Entered 06/23/14 08:45...

1

June 20, 2014 Sound Shore Medical Center of Westchester 16 Guion Place New Rochelle, New York 10802 Attn: John Spicer Copy to: See Distribution List Attached Re: Sound Shore Medical Center of Westchester, et al. (Case No. 13-22840) – Deloitte Transactions and Business Analytics LLP: May 1, 2014 – May 31, 2014 Invoice Dear Mr. Spicer: Enclosed please find our invoice for services rendered from May 1, 2014 through May 31, 2014 pursuant to the Interim Order Pursuant to 11 U.S.C. §§105 and 331 Establishing Procedures for Interim Compensation and Reimbursement of Expenses of Professionals [Dkt. No. 148]. The total invoice amount is $13,421.71 (net of $3,354.00 [20%] holdback) and includes $5.71 of expenses. Please remit check payment to the following address: Deloitte Transactions and Business Analytics LLP P. O. Box 7247-6446 Philadelphia, PA 19170-6446 OR The following electronic payment submission information: Bank Name: CITIBANK ABA#: 031100209 Account Name: Deloitte & Touche LLP Account #: 3874-0688 If you have any questions regarding this invoice, please call me at (212) 436-5668. Deloitte TBA LLP reserves the right to amend the information included in this invoice within Deloitte TBA’s submission(s) of Interim and/or final Fee Applications filed with the Southern District of New York Bankruptcy Court. Very truly yours, Daniel S. Polsky DP/ca: Enclosure

Deloitte Transactions and Business Analytics LLP Daniel S. Polsky 1633 Broadway 35th Floor New York, NY 10019-6754 USA

Tel: +1 212-436-5668 Fax: +1 212-653-2952 www.deloitte.com

13-22840-rdd Doc 731 Filed 06/23/14 Entered 06/23/14 08:45:22 Main Document Pg 1 of 14

www.deloitte.com

2

DISTRIBUTION LIST:

Sound Shore Medical Center of Westchester 16 Guion Place New Rochelle, New York 10802 Attn: John Spicer

Garfunkel Wild, P.C. 111 Great Neck Road Great Neck, New York 11021 Attn: Burton S. Weston, Esq. and Afsheen A. Shah, Esq.

Alston & Bird, LLP 90 Park Avenue New York, New York 10016 Attn: Marty G. Bunin, Esq. and Craig E. Freeman, Esq.

Office of the United States Trustee 33 Whitehall Street, 21st Floor New York, New York, 10004 Attn: Susan D. Golden, Esq. and William E. Curtin, Esq

Togut, Segal & Segal One Penn Plaza New York, New York 10119 Attn: Frank Oswald, Esq. and Scott Griffin, Esq.

.


Professional Level Rate Hours FeesPolsky, Dan Director 500$ 11.7 5,850.00$ Berbit, Alex Manager/Vice President 300 36.4 10,920.00 Professional Subtotal: 48.1 16,770.00$

Total Amount of Fees Requested: 16,770.00$

80% of Fees Requested: 13,416.00$

Total Amount of Expenses Requested: 5.71$ Total Invoiced Amount: 13,421.71$

Sound Shore Medical Center of Westchester, et al.Deloitte Transactions and Business Analytics LLP

Fees Sorted by Professional for the Fee PeriodMay 1, 2014 - May 31, 2014

3


Code Category Category Description1 Financial Analysis and Case Workstreams Analysis of cash flows; forecasts and variance analysis; review of

financial and accounting issues/information; analysis of SOFA’s and SOAL’s; preparation of Committee reports, updates and work product.

2 Case Litigation and Claims Analysis and/or assistance in connection with avoidance actions, insiders/related party transactions; case pleadings; claims analysis and objection process; claims estimation and rejection damages for leases/contracts; prepare for/attend hearings, depositions

3 Plan and Disclosure Statements Assistance in connection with Plan analysis, development and/or implementation; liquidation analysis; wind down analysis and best-interests test

4 Third Party Communications Preparation and participation in calls and/or meetings with external parties including Debtor’s representatives, secured lender’s professionals, purchaser professionals, the Committee and counsel, and other case participants

5 General Diligence Prepare correspondence; information requests/follow-up; other general diligence and other case-related matters

6 Project Review and PlanningWork product review; project planning; review/assignment of tasks

7 Firm Retention and Internal Case Administration

8 Project Billing Preparation of Fee Applications, Monthly Fee Statements



4


Code Category Professional Rate Hours Fees1 Financial Analysis and Case Workstreams Berbit, A. 300$ 6.0 1,800.00$

Polsky, D. 500 1.0 500.00 Total 7.0 2,300.00$

2 Case Litigation and Claims Berbit, A. 300$ 19.1 5,730.00$ Polsky, D. 500 8.5 4,250.00 Total 27.6 9,980.00$

5 General Diligence Berbit, A. 300$ 3.5 1,050.00$ Total 3.5 1,050.00$

6 Project Review and Planning Berbit, A. 300$ 1.6 480.00$ Polsky, D. 500 1.6 800.00 Total 3.2 1,280.00$

8 Project Billing Berbit, A. 300$ 6.2 1,860.00$ Polsky, D. 500 0.6 300.00 Total 6.8 2,160.00$

Total Hours 48.1 Total Cumulative 16,770.00$



5


EXHIBIT A

DELOITTE TRANSACTIONS AND BUSINESS ANALYTICS LLP

FEES SUMMARY FROM MAY 1, 2014 – MAY 31, 2014


0.7

1.1

0.7

0.3

0.4

0.8

0.4

0.7

0.6

0.4

0.2

0.2

Berbit, Alex Call with A. Berkowitz regarding creditor over-charging settlement.

$300.00 $60.00

Berbit, Alex Call with C. Freeman regarding creditor stipulation. $300.00 $60.00

05/13/2014 Berbit, Alex Correspond with C. Freeman regarding creditor

settlement and open issues.$300.00 $120.00

05/14/2014

05/12/2014 Berbit, Alex Correspondence draft to C. Freeman regarding

details of proposed settlement with creditor alleged to have overcharged estate.

$300.00 $210.00

Berbit, Alex Correspond with A. Berkowitz and M. Terrano regarding potential settlement structure and details for creditor alleged to have overcharged estate.

$300.00 $180.00

05/06/2014 Berbit, Alex Review analysis related to alleged price

overcharging by creditor during post petition period; discuss with D. Polsky.

$300.00 $240.00

Polsky, Dan Review and discuss creditor pricing analysis and status of negotiations with A. Berbit.

$500.00 $200.00

Polsky, Dan Review preliminary analysis of Medline purchases and claims.

$500.00 $150.00

05/02/2014 Berbit, Alex Correspond with M. Terrano regarding potential

settlements with 503(b)(9) creditors.$300.00 $120.00

Berbit, Alex Prepare analysis on Medline 503(B)(9) settlement and purchasing/payment activity to assess settlement parameters.

$300.00 $330.00

Polsky, Dan Conference call with A. Berkowitz, M. Terrano and A. Berbit regarding Medline 503(B)(9) claim settlement negotiations.

$500.00 $350.00

Case Litigation and Claims05/01/2014 Berbit, Alex Call with A. Berkowitz, M. Terrano and D. Polsky

regarding Medline 503(B)(9) claim settlement negotiations.

$300.00 $210.00

Sound Shore Medical Center

Deloitte Transactions and Business Analytics LLPFees Sorted by Category for the Fee Period

May 01, 2014 - May 31, 2014

Date Description Rate Hours Fees




May 01, 2014 - May 31, 2014


0.1

0.5

0.8

0.4

0.8

1.1

0.4

1.1

1.3

0.9

1.3

05/14/2014

Case Litigation and Claims

Polsky, Dan Meet with A. Berbit in advance of call with C. Freeman and M. Bunin regarding outline of issues, timeline and talking points.

$500.00 $650.00

05/23/2014 Berbit, Alex Meet with D. Polsky in advance of call with C.

Freeman and M. Bunin to outline discussion and talking points.

$300.00 $390.00

Berbit, Alex Call with C. Freeman, M. Bunin and D. Polsky regarding alleged accounting improprieties, potential causes of action to outline in disclosure statement and D&O insurance issues.

$300.00 $270.00

Berbit, Alex Correspond with C. Freeman regarding preservation of causes of action for inclusion in draft disclosure statement.

$300.00 $120.00

Polsky, Dan Meet with A. Berbit regarding historical financial information, audit-related questions, timelines and prepare for 5/23/14 discussions with counsel.

$500.00 $550.00

Berbit, Alex Review stipulation referenced in memorandum from C. Freeman.

$300.00 $240.00

05/22/2014 Berbit, Alex Meet with D. Polsky to review analysis of historical

financial results reported and review timelines in advance of discussion with Committee counsel.

$300.00 $330.00

Berbit, Alex Review preference-related data in response to memo from C. Freeman.

$300.00 $240.00

Berbit, Alex Review memorandum from C. Freeman related to settlement with leasing creditor.

$300.00 $120.00

Polsky, Dan Review correspondence in connection with creditor settlement negotiations and communications with the Committee regarding same.

$500.00 $50.00

05/21/2014 Berbit, Alex Call with C. Freeman regarding post petition claims

and case workstreams.$300.00 $150.00




May 01, 2014 - May 31, 2014


0.9

1.1

1.6

1.3

1.1

1.2

1.2

1.2

1.4

1.4

27.6

05/23/2014

Case Litigation and Claims

Subtotal for Case Litigation and Claims: $9,980.00

Berbit, Alex Meet with D. Polsky regarding solvency analysis in 2010 for Sound Shore Medical Center.

$300.00 $420.00

Polsky, Dan Meet with A. Berbit regarding 2010 solvency analysis for SSMC.

$500.00 $700.00

05/29/2014 Berbit, Alex Prepared structure for solvency analysis in

connection with reservation of rights in draft disclosure statement.

$300.00 $360.00

05/30/2014

05/28/2014 Berbit, Alex Discuss with D. Polsky regarding solvency outline

for medical center.$300.00 $360.00

Polsky, Dan Conversation with A. Berbit regarding solvency issues and analysis in connection with medical center during 2009-2010 period.

$500.00 $600.00

Berbit, Alex Review financial statements from HANH 2007-2011 in preparation for solvency analysis.

$300.00 $390.00

Polsky, Dan Meet with A. Berbit regarding financial issues and solvency analysis in connection with accounting review for 2007 through 2011.

$500.00 $550.00

05/27/2014 Berbit, Alex Meet with D. Polsky to discuss financial statement

outline based on review of audited financials from 2007-2011.

$300.00 $330.00

Berbit, Alex Review financial statements from SSMC 2007-2011 in preparation for solvency analysis.

$300.00 $480.00

Polsky, Dan Call with C. Freeman, M. Bunin and D. Polsky regarding alleged accounting improprieties, potential causes of action to outline in disclosure statement and D&O insurance issues.

$500.00 $450.00




May 01, 2014 - May 31, 2014


1.3

0.7

2.2

0.7

1.8

0.3

7.0

1.3

0.2

1.0

1.4

1.2

Project Billing

Berbit, Alex Administrative work associated with DTBA fee application.

$300.00 $360.00

05/12/2014 Berbit, Alex Administrative work associated with Deloitte TBA's

first interim fee application.$300.00 $420.00

05/16/2014

Polsky, Dan Review draft of Deloitte TBA draft fee application. $500.00 $100.00

05/08/2014 Berbit, Alex Administrative work associated with Deloitte fee

application.$300.00 $300.00

05/05/2014 Berbit, Alex Administrative work associated with Deloitte TBA

fee application.$300.00 $390.00

Polsky, Dan Review revised draft waterfall analysis based on new input.

$500.00 $150.00

Subtotal for Financial Analysis and Case Workstreams: $2,300.00

Polsky, Dan Conversation with A. Berbit regarding case administrative expenses, settlements and update on negotiations with creditors.

$500.00 $350.00

05/12/2014 Berbit, Alex Prepare updated waterfall analysis based on updated

workstreams and information provided by Debtors' professionals.

$300.00 $540.00

05/02/2014 Berbit, Alex Call with D. Polsky to discuss findings of

administrative expense review and creditor negotiations.

$300.00 $210.00

Berbit, Alex Reconcile amounts due to and from Montefiore based on updated information provided by M. Terrano.

$300.00 $660.00

Financial Analysis and Case Workstreams05/01/2014 Berbit, Alex Review detailed analysis provided by J. Baum of

Debtors regarding case administrative costs.$300.00 $390.00




May 01, 2014 - May 31, 2014


1.3

0.4

6.8

0.7

0.7

0.9

0.9

3.2

Project Billing

Polsky, Dan Meet with A. Berbit regarding open workstreams, follow-up required, potential litigation process and post-plan activities.

$500.00 $450.00

Subtotal for Project Review and Planning: $1,280.00

Polsky, Dan Conversation with A. Berbit regarding ongoing workstreams, outline of alleged accounting improprieties and map out upcoming deliverables.

$500.00 $350.00

05/16/2014 Berbit, Alex Meet with D. Polsky to outline case workstreams for

pre- and post-plan of liquidation timeframes.$300.00 $270.00

Project Review and Planning05/12/2014 Berbit, Alex Call with D. Polsky to review outstanding

workstreams, prepare outline of alleged accounting irregularities and map out upcoming deliverables .

$300.00 $210.00

Polsky, Dan Complete Deloitte TBA first interim fee application. $500.00 $200.00

Subtotal for Project Billing: $2,160.00

05/27/2014 Berbit, Alex Administrative work associated with DTBA fee

application.$300.00 $390.00




May 01, 2014 - May 31, 2014


0.3

0.4

0.3

1.7

0.8

3.5

48.1

Rate$500.00

$300.00Berbit, Alex 36.4 $10,920.00

Name Hours FeesPolsky, Dan 11.7 $5,850.00

Total $16,770.00

Recapitulation

Subtotal for General Diligence: $1,050.00

05/30/2014 Berbit, Alex Initial review of the April monthly operating report

for the Debtors estates.$300.00 $510.00

Berbit, Alex Review professional fee invoices for multiple professional firms involved in the case.

$300.00 $240.00

Berbit, Alex Review memorandum from C. Freeman regarding medical malpractice.

$300.00 $120.00

05/16/2014 Berbit, Alex Correspond with M. Terrano regarding diligence

surrounding physician group accounts.$300.00 $90.00

General Diligence05/15/2014 Berbit, Alex Correspond with M. Terrano regarding discovery of

Debtors' bank account.$300.00 $90.00


EXHIBIT B

DELOITTE TRANSACTIONS AND BUSINESS ANALYTICS LLP

EXPENSES SUMMARY FROM MAY 1, 2014 – MAY 31, 2014


Category Date Description Amount

Telephone, Conference Berbit, Alex 05/01/2014 VERIZON CONFERENCING 800-47506

Conference call with A. Berkowitz, M. Terrano and D. Polsky regarding case matters.

$2.22

Berbit, Alex 05/23/2014 VERIZON CONFERENCING 800-47506 Call with M. Bunin, C. Freeman and D. Polsky regarding case matters.

$3.49

Subtotal for Telephone, Conference: $5.71

Total $5.71

Recapitulation

Category AmountTelephone, Conference $5.71


Expenses Sorted by Category for the Fee Period

Deloitte Transactions and Business Analytics LLP

May 01, 2014 - May 31, 2014


13-22840-rdd Doc 731 Filed 06/23/14 Entered 06/23/14 08:45...

Documents

Transcript of 13-22840-rdd Doc 731 Filed 06/23/14 Entered 06/23/14 08:45...