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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.

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