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In Brief: A Digest of Healthcare Insolvency and Bankruptcy Projects

Client Success
  • Acted as lead debtor counsel in more than seven hospital bankruptcies, including four Chapter 9 municipal hospital bankruptcies.
  • Represented individual doctors, practice groups, home healthcare agencies and nursing homes in bankruptcy and debtor/creditor disputes, including disputes involving Medicare and Medicaid.
  • Represented PatientFirst Healthcare and affiliates in Chapter 11 bankruptcy. The group of companies included a surgical specialty hospital, ASC and physician practices. All debtors emerged in a true reorganization without a sale or shutdown of the companies.
  • Reorganized HMC/CAH Consolidated and 12 operating affiliates in Chapter 11 bankruptcy. Completed the restructure in 15 months. These rural critical-access hospitals emerged in a true reorganization without a sale or shutdown of hospitals.
  • Advised rural hospital on reorganizing under bankruptcy laws based on new taxing district formation.
  • Counseled rural hospital on orderly liquidation and sale after patient census dropped and tax district failed.
  • Represented rural hospital in converting from hospital to ambulance-triage service to fit community’s needs and taxing district’s revenues.
  • Represented rural hospital in sale of assets and transfer of regulatory agreements through a bankruptcy process.
  • Advised asset-based lenders on financing the acquisition of surgical specialty hospitals.
  • Represented lessors of high-dollar medical equipment in Chapter 11 proceedings.
  • Counseled physician groups in sales of practice and internal financial and corporate restructuring.
  • Represented religious institution with investment in surgical specialty hospitals and the restructuring of an affiliate entity.
  • Represented large rural hospital in the first case addressing the treatment of Medicare recoupment issues.
  • Represented largest unsecured creditor in restructuring of insolvent staff model health maintenance insurance corporation;
  • Currently representing the liquidator in the liquidation of a cooperative formed under the Affordable Care Act that miscalculated its estimated claims experience, and failed.