Since 1998, Smith Bradley & McGrath (formerly Smith Bradley & Associates) has provided bilingual Occupational Therapy and Ergonomics consulting services throughout Eastern Ontario to individuals and organizations, including insurance companies, long term and short term disability providers, and private and public sector employers.
Smith Bradley & McGrath's experienced occupational therapists travel throughout Eastern Ontario to provide occupational therapy and ergonomic assessment and treatment in the client's own environment, whether at home or in the workplace. We work closely with the client, their families, health care professionals, employers, and stakeholders to ensure that the client's therapy and life care goals are achieved with successful results. The client is at the centre of the assessment, intervention, and evaluation of the occupational therapy treatment process.
Experience is an important key to our success. Our bilingual clinical team has extensive occupational therapy experience working with clients with a variety of injuries and impairments, including:
upper extremity injuries
spinal cord injuries
acquired brain injuries
Smith Bradley & McGrath is a bilingual office. All of our occupational therapy services are offered in English and French.
Welcome. Whether you are an individual looking for occupational therapy services, a caregiver, an employer, an insurance claims representative, a legal representative or another medical or rehabilitation professional, we are pleased to provide you with information about us and look forward to working with you.
Providing Occupational Therapy and Ergonomics services in Ottawa and throughout Eastern Ontario since 1998 to individuals and organizations, including insurance companies, workplace insurance boards, and private and public sector employers.
"Our mission is to assist not-for-profit public benefit corporations to advance their philanthropic mission by providing knowledgeable and seasoned institutional advancement consultants."
Vincent G. Bradley President & CEO
We operate according to the ethical and professional fundraising by-laws of the Association Fundraising Professionals Code of Ethics.
Our fees are set in advance of service and are not based on a percentage of your goal.
We believe in intensive research and preparation before any funds are solicited.
We will not solicit funds from your potential donors, however, we will prepare, train and provide your campaign volunteers and leaders with the utmost support so they can "make the ask" on their own confidence.
We believe that finding the right person to ask the right individual for the right amount at the right time, is the proper approach.
We value the opportunity to develop a long term relationship.
We are unique in that we are able to work with a variety of diversified clients.
We provide a full range of services which can be tailored to each client.
Bradley Associates Consultants would be honored to be associated with you and your organization in your fundraising efforts.
Bradley Associates has been serving nonprofits in the Western United States since 1979. We are headquartered in San Jose, California and have offices in Southern California and Seattle, Washington.
Bradley Associates has developed its reputation by assisting nonprofit organizations with highly personalized services in many fields, including: Youth, Social Service, Health Care, Education, Arts, Religion Associations and City Agencies.
Bradley Associates has several areas of specialty to serve the needs of Public Benefit Corporations. Contact us today to find out how we can help you meet your goals.
Founded in 1983, Bradley Associates is in the business of supplying personalized consulting services to healthcare providers. Today, our firm is one of the nation’s leading accounting firms dedicated to providing consulting, reimbursement, accounting, and tax services for the healthcare industry.
Perhaps the most important feature of the services we offer is our continued dedication to our clients’ business needs. This means every report created by Bradley Associates is more than just numbers on a ledger sheet. Every report goes through extensive evaluations, reviewing each and every alternative in order to make recommendations to improve the financial well-being of our clients.
The constantly changing environment in the healthcare industry continually challenges us to provide quality counsel in a timely manner, and Bradley Associates is up to the challenge. We have the size, strength and experience to provide our clients with the highest quality services, helping them to avoid problems that can occur when “crisis situations” lead to ill-considered, ill-advised and ill-timed decisions.
With our extensive knowledge of federal and state healthcare regulations and industry practices, along with our innovative approach, we help our clients enjoy timely and more comprehensive responses to their business consulting needs.
PBDC has chosen to partner as an investor with Bradley Associates in the acquisition and leasing of select industrial properties. The first such investment was in Milwaukee County � a 208,000 square foot light industrial building. PBDC has also invested with Bradley Associates in light industrial properties located in Illinois and Ohio. Nationally, Bradley Associates has acquired over 90 properties representing 14,000,000 square feet of industrial, office and retail space with market values exceeding $600,000,000, and over $200,000,000 in equity.
Micron Technology Inc. (MU) will probably emerge as the top winner from the bankruptcy ofElpida Memory Inc. (6665), whose filing yesterday sidelines the last Japanese maker of computer memory chips and gives rivals the chance to scoop up factories on the cheap.
Elpida filed for Japan’s biggest bankruptcy in two years after chip prices plunged and it failed to win a second government bailout. The elimination of a top maker of dynamic random access memory would give the rest of the industry more control over production, helping to ease the price swings that have left Micron unprofitable for six of the past 10 years.
The headquarters building of Micron Technology Inc. in Boise, Idaho. Micron shares jumped 7.7 percent yesterday amid speculation that the company, the fourth-largest DRAM maker, might seek to acquire some of Elpida’s plants. Photographer: Matthew Staver/Bloomberg
Elpida Memory Inc. memory chips are displayed in this arranged photograph in Tokyo, Japan. Photographer: Tomohiro Ohsumi/Bloomberg
Elpida’s creditors will look for ways to recoup losses through the sale of such assets as a plant in Hiroshima valued at $1 billion by Sanford C. Bernstein & Co. For potential buyers such as Micron, that price tag would be about a fifth of the cost of building a new equivalent facility. That would fit with Micron’s strategy of trying to buy up capacity cheaply, rather than making acquisitions that outstrip the company’s $1.9 billion in cash and compel it to take on debt.
“Micron is clearly the winner,” said Dan Berenbaum, a New York-based analyst at MKM Partners LP. “Now it’s a question of how much does Micron pay for the assets.”
Micron shares jumped 7.7 percent yesterday amid speculation that the company, the fourth-largest DRAM maker, might seek to acquire some of Elpida’s plants. Dan Francisco, a spokesman for Boise, Idaho-based Micron, declined to comment.
Elpida has facilities that are responsible for about 18 percent of DRAM industry output, making it the No. 3 supplier. A push to take the plants offline or use them for other kinds of chips would help ease oversupply and stem industrywide losses.
The computer-memory industry has been grappling with a decline in demand, brought on by a global consumer shift to smartphones and tablet computers, which need less memory and typically use a different type of chip.
Elpida’s troubles were exacerbated by DRAM prices falling below the cost of production. Industry sales last year dropped 26 percent to $29.2 billion, according to an estimate by Gartner Inc. That followed a 72 percent surge in 2010.
The Japanese chipmaker was the product of a 1999 merger between the memory businesses of NEC Corp. and Hitachi Ltd., which exited the industry.
If Micron makes a bid for some DRAM facilities, Elpida’s creditors will get an offer that’s “tough to swallow,” because the U.S. company knows it’s not likely to face any competition, said Hans Mosesmann, an analyst at Raymond James & Associates Inc.
“Nobody else is going to touch DRAM with a ten-foot pole,” said Mosesmann, who has a “strong buy” rating on Micron shares. “Micron is very practical. They don’t want all of Elpida.”
Earlier this month, Micron’s management told Mosesmann and other analysts the company is monitoring events in Japan to see if there are opportunities. Executives declined to comment on whether Elpida is one of them and what the company might do.
“It just doesn’t feel like there’s going to be any fresh capital put into the DRAM business,” Micron President Mark Adams said in an interview on Feb. 9. “If we’re right, then the industry is mature enough that consolidation could make a lot of sense.”
Elpida has total debt of about $4 billion and has reported five straight quarters of losses. Micron, which has been making acquisitions and driving industry consolidation for more than 10 years, has about $1.95 billion of debt, approximately equal to its cash reserves. The company has a target range for its debt- to-capital ratio of 20 percent to 25 percent. Its current cash plus market capital of $8.4 billion give it a debt-to-capital ratio of about 18 percent, according to data compiled by Bloomberg.
If Micron stays within those guidelines -- giving it the latitude to borrow about another $500 million -- it’s not going to have enough leeway to buy its Japanese rival, said Daniel Amir, a San Francisco-based analyst at Lazard Capital Markets LLC.
“They probably won’t just buy out Elpida,” Amir said. “They are not willing to break the bank. It’s not like they’re going to spend $2 billion.”
Samsung Electronics Co., which dominates the memory-chip business and is the only consistently profitable company in the industry, has said it will concentrate on running its own business, making it an unlikely bidder for Elpida’s assets.
“Samsung is not going to come to their rescue,” said Raymond James’s Mosesmann.
Excluding Samsung -- which is also the world’s second- largest maker of mobile phones and the biggest maker of liquid crystal displays -- DRAM makers have struggled to make money.
Matching supply with demand poses a constant challenge in the market for DRAM for personal computers, where plants take years to come online and can’t be shut down cheaply. With factories costing billions of dollars to build, companies such as Elpida have found themselves facing debts they have trouble repaying.
In six of the past 10 years, industry companies have spent more cash than their operations have generated. Even including Samsung, whose share price has more than tripled, memory makers as a group have lost 40 percent of their market value since October 2002.
If output from Elpida’s plants is slowed down or halted, all of its rivals will benefit as supply gets closer to demand and prices stabilize, according to Shawn Webster, an analyst at Macquarie Capital USA Inc.
“Any time a competitor is in distress, it’s a positive for everybody else,” said Webster. “If you pull supply offline, that could help everybody in the DRAM industry.”
Earlier this month, Micron lost longtime Chief Executive Officer Steve Appleton, who died in a plane crash. Mosesmann and other analysts speculated that his death might slow any possible negotiations for industry consolidation, because Appleton had been the driving force behind previous transactions.
Micron, which got its start with an investment from local potato magnate J.R. Simplot, became one of the largest makers of computer memory when it bought the memory operations of Texas Instruments Inc. in 1998. Since then, it has acquired plants from Toshiba Corp., bought control of a Japanese joint venture, and formed partnerships with Taiwan’s Nanya Technology Corp. and Intel Corp. to secure access to more production.
In 2008, as Germany’s Qimonda AG headed for bankruptcy and sought investments, Micron bought out its interest in Inotera Memories Inc. (3474) Qimonda subsequently went out of business, and its chipmaking equipment was sold off.
Micron has also walked away from opportunities. In April 2002, it abandoned a transaction under which it would have acquired the memory operations of South Korea’s Hynix Semiconductor Inc., the second-largest DRAM maker, after the companies couldn’t agree on terms.
‘In No Rush’
One way that Micron might consider a purchase of Elpida would be if it could get cheap financing for a transaction from Elpida’s creditors, which are facing the dilemma of knowing that restructuring the company’s debt wouldn’t be enough to make it competitive again, according to Betsy Van Hees, a San Francisco- based analyst at Wedbush Securities. Elpida needs more money to invest in making its production more efficient, she said.
When asked on Feb. 10 whether he would take Micron’s debt level above 25 percent of its capital to make an acquisition that would consolidate the industry, Chief Executive Officer Mark Durcan told analysts he was going to be “very careful about putting the company in a position where we’re not confident we can deal with any additional debt.”
Still, he would consider taking the debt ratio higher if there was a good enough opportunity, he said.