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Healthcare receivership of assisted living facility in Alabama

The indenture trustee for $8,800,000 issued to finance the acquisition of a 40-bed assisted living facility located in Cullman, Alabama in litigation in the United States District Court for the Northern District of Alabama obtained a receiver to administer and control the assisted living facility.

Waller represented the receiver as its general counsel and assisted the receiver in its administration and operation of the facility pending its sale. Waller also represented the receiver in conducting a court-approved stalking horse auction process.

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