The healthcare services industry is being tested like never before. The COVID-19 pandemic has created financial distress for hospitals, surgery centers, senior living facilities and other healthcare organizations resulting, in some instances, in the prospect of closure. Waller's Healthcare Restructuring team is a valued ally to both borrowers and lenders looking for solutions in healthcare bankruptcies. Our recent experience in high-profile healthcare insolvency matters includes the Promise Healthcare bankruptcy, the Curae Health bankruptcy and the Fortis Management Group receivership.
Our multidisciplinary team of nationally respected attorneys assist providers, owners, investors and communities in high-pressure healthcare insolvency situations. Across healthcare subsectors, organizations rely on Waller to identify and implement strategies to maximize value and preserve operations. Buyers and lenders also look to our advice to support or acquire distressed assets or companies.
Waller is a go-to firm for:
Our Healthcare Restructuring team is led by veteran attorneys with extensive experience in healthcare insolvency matters. Their experience in bankruptcy and restructuring, corporate and transactional matters and commercial finance is complemented by a deep roster of attorneys who focus exclusively on federal and state healthcare regulatory compliance. Our Healthcare Restructuring team is further strengthened by Waller attorneys from our tax, real estate, employment and intellectual property practices.
We represent clients in all aspects of healthcare insolvency-both in and out of court. Our services include workouts within bankruptcy proceedings or receiverships, pre-packaged and pre-negotiated bankruptcy planning, bankruptcy filings, debtor-in-possession financings, loan restructurings, and other default scenarios. We focus on providing proactive and cost-effective counsel to ensure a seamless transition from start to finish. We understand the business of healthcare and provide solutions-not roadblocks-and judgment to help clients make informed decisions.
In transactional matters, our insolvency experience includes Section 363 bankruptcy sales, divestitures and acquisitions out of receivership and transactions through other bankruptcy proceedings. Few firms can match our experience representing healthcare companies and investors in the acquisition and conversion of not-for-profit hospitals with state attorney general approval.
Represented Healthcare Management Partners during a court-appointed receivership of River Highlands assisted living facility, pending the facility's sale.
Represented a specialty finance firm in structuring and closing a $15 million debtor-in-possession revolving credit facility to three acute care hospitals.
Negotiated the sale of a number of hospitals for Promise Healthcare and confirmed a plan of liquidation with significant recoveries for unsecured creditors.