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 continuity and our team is equipped to guide them 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 bankruptcies of two healthcare providers that operate rural hospitals.
- Represented the creditor trustee in post-plan confirmation matters related to the chapter 11 bankruptcies of two healthcare providers that operate rural hospitals.
- 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 a landlord in a high-profile bankruptcy matter involving a retirement community, including obtaining the largest “cure” award ever granted to a landlord in connection with the assumption and assignment of a lease.
- Represented operator of senior living facility in its chapter 11 bankruptcy case.
- Represented operators of senior living facilities in out of court restructurings.
Meet the Team
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
Jack O’Connor
Partner
joconnor@lplegal.com
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