Our distressed healthcare team has deep industry experience with a strong track record of navigating complex, large-scale and often high-profile operational and financial restructurings, both out-of-court and in-court Chapter 11 cases, across a wide spectrum of healthcare providers.
We advise on all aspects of the restructuring process, taking into account the unique drivers for healthcare providers – especially patient care and community impact – and the specialized rules that apply to providers, in particular, non-profit providers, in bankruptcy.
We advise providers throughout the healthcare industry, including inpatient acute care hospitals, skilled nursing homes, behavioral health facilities, home healthcare agencies, pharmacies, laboratories, specialized treatment and children’s care facilities, and managed healthcare plans. Our clients benefit from our understanding of diverse perspectives gained from our experience advising large “safety-net” hospital systems, both out of court and in Chapter 11, such as St. Vincent’s Catholic Medical Center of New York/SVCMC and Bayonne Medical Center; key creditors, including secured lenders and official creditors’ committees, in complex cases such as GenesisCare and Rite Aid; and state regulatory agencies and governmental authorities in large healthcare bankruptcies. In advising healthcare systems, we regularly counsel C-suite executives and both for-profit and non-profit boards on their fiduciary duties.
We also have deep mass tort experience, including playing key roles in the largest opioid-related bankruptcies and in advising providers with substantial medical malpractice liabilities, a key factor in managing an operational or financial turnaround. Many of our cases require solving for large asserted over payment and other False Claims Act provider liabilities that can impact a provider’s future and, in turn, patient care.
Combining skilled restructuring, finance and litigation capabilities with healthcare-focused legal and business acumen across disciplines, including distressed investing, mergers and acquisitions, corporate, tax, employment, mass tort, real estate, land use, and environmental practices, our team delivers case-defining strategies and novel solutions for clients and constituencies on all sides of distressed healthcare situations.
