SP Wind Down Trust, a former medical records transcriber known as Spheris, Inc., filed for Chapter 11 bankruptcy in February 2010. The company received a restructuring plan with an effective date of September 20. MedQuist, Inc. and shareholder CBay, Inc. bought Spheris for around $116 million in April 2010.
In October 2010, the United States Bankruptcy Court of the District of Delaware retained CoMetrics Partners, LLC, a finance and strategy advisor, as Spheris’s liquidating trustee. CoMetrics also maintained its original role with the company as financial advisor.
Gary Herwitz currently maintains the position of managing partner at CoMetrics Partners. Through the firm, he and his team provide a variety of strategic consulting services for commercial product importers and distributors. Herwitz, who has developed expertise in finance and supply-chain strategy during the past 30 years, is included in the International Who’s Who of professionals.