Distressed Healthcare
Levenfeld Pearlstein brings a unique combination of restructuring expertise and healthcare industry insight to help organizations navigate financial distress with confidence. Healthcare providers face complex challenges; from regulatory compliance to operational and patient care continuity, our team is equipped to guide clients through every stage of transition.
Our services include:
- Strategic Restructuring Guidance – Evaluate options for turnaround, sale, or reorganization.
- Creditor & Lender Negotiations – Protect stakeholder value while maintaining operational stability.
- M&A Advisory for Healthcare Assets – Support distressed transactions with industry-specific expertise.
- Vendor & Trade Creditor Solutions – Develop strategies to manage obligations and preserve relationships.
- Post-Transaction Planning – Ensure continuity of care and compliance during ownership transitions.
- Regulatory & Compliance Oversight – Navigate healthcare-specific laws and requirements throughout restructuring.
Representative Matters
- Represented the Official Committee of Unsecured Creditors in the chapter 11 cases of two rural hospital operators.
- Represented a Creditor Trust in post plan confirmation matters in the chapter 11 cases of two rural hospital operators.
- Represented a subordinated secured creditor in the bankruptcy case of a non-profit healthcare system, including negotiating financing orders that enabled the favorable treatment of the client’s secured claims in the plan of reorganization.
- Represented a stalking horse bidder in a 363 sale of a continuing care retirement community.
- Represented a member group who held an interest in a Catholic hospital system that was sold in a bankruptcy-related sale.
- Represented the ground lessor in a high-profile chapter 11 case for a continuing care retirement community, including obtaining the largest “cure” award ever granted to a landlord in connection with the assumption and assignment of a lease in bankruptcy.
- Represented operator of senior living facility in its chapter 11 bankruptcy case.
- Represented operators of senior living facilities in out of court restructurings.
- Represented an independent physician practice as lead chapter 11 counsel following a large judgment entered against it in state court.
Meet the Team
Jack O’Connor
Partner
joconnor@lplegal.com
Harold Israel
Partner
hisrael@lplegal.com
Lisa Vandesteeg
Partner
evandesteeg@lplegal.com
Eileen Sethna
Partner in and Leader of the Financial Services & Restructuring Group
esethna@lplegal.com
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