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Capabilities / Healthcare Insolvency & Bankruptcy

Healthcare Insolvency & Bankruptcy

Facing adversity head on.

Clients confronting healthcare bankruptcy or insolvency need guidance they can trust from experienced partners. Husch Blackwell counsels distressed healthcare providers on their options for bankruptcy proceedings or nonbankruptcy restructurings. We then guide debtors through the process step by step, including any litigation, regulatory or M&A work that may be entailed.

Our Healthcare Insolvency & Bankruptcy team also advises other parties of interest, including secured lenders and creditors, landlords, lessors and vendors, on matters such as foreclosing mortgages and recovery of collateral. We counsel debtors and creditors on all aspects of healthcare workouts, including refinancing, out-of-court restructuring agreements, forbearance agreements, corporate restructurings and purchase of assets from troubled businesses.

Our guidance to clients in the healthcare insolvency and bankruptcy sector includes:

  • Bankruptcy
  • Commercial dispute resolution
  • Creditors’ rights and extraordinary remedies
  • Litigation
  • Workouts and out-of-court restructurings

Representative Experience

  • 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.
News Releases | April 01, 2022
Husch Blackwell Adds Two Healthcare Partners to Virtual Office

Husch Blackwell is pleased to announce that Lisa T. Thomas and Bryan Stewart have joined the firm’s Healthcare, Life Sciences & Education industry group as partners.

News Releases | August 22, 2019
Gary Barnes to Receive Roser Award

Recipients are selected by a special selection subcommittee consisting of past recipients and attorneys representing different geographical areas throughout the state in a variety of practice sizes.

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