Fortis Management Group appoints receivership while company transfers to new operators

The trust company of a large financial services firm acted as agent for the senior secured lenders in the Wisconsin Chapter 128 receivership Fortis Management Group, LLC and its affiliates. Fortis was the operator of sixty-five nursing homes in the Midwest and Pacific Northwest and had over $55 million in senior secured debt obligations.

Waller assisted the trust company through the transaction by providing financial advisory counsel.

Katie's Related Experience

Middle-market specialty finance firm closes $15 million DIP revolving credit facility

Represented a specialty finance firm in structuring and closing a $15 million debtor-in-possession revolving credit facility to three acute care hospitals.

Promise Healthcare files for bankruptcy, sells off hospitals

Negotiated forbearance arrangements and the sale of a number of hospitals for Promise Healthcare and prepared the organization for bankruptcy filing.

Promise Healthcare Group, LLC restructures and files for bankruptcy

Serving as lead debtor's counsel to Promise Healthcare in its restructuring and pending bankruptcy.

View More of Katie's Experience