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.