Hospital and Healthcare Provider Bankruptcies
Navigating Restructuring Options in the Age of COVID-19
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide healthcare counsel with guidance on the unique legal issues for hospitals and other healthcare providers facing bankruptcy. The panel will discuss how bankruptcy impacts hospital/healthcare provider obligations under Medicare, HIPAA, Stark Law, Anti-Kickback Statute, and WARN Act. The panel will also provide guidance for strategically navigating bankruptcy.
- Dealing with a customer/vendor/contract counterparty in financial distress
- The Chapter 11 process
- Unique aspects of a healthcare bankruptcy
- Restructuring options
- Impact of the CARES Act
- Government payments and loans for providers
- Expanded access to Small Business Reorganization Act
- Out of court restructuring
- In court restructuring
- Plan of reorganization
- 363 sale
- Impact of the CARES Act
- Best practices for navigating the bankruptcy process for healthcare providers and their creditors
The panel will review these and other key issues:
- What are the special issues facing hospitals and other healthcare providers when it is time to restructure or file for bankruptcy?
- If municipal bonds funded a healthcare facility, who is ultimately liable to the creditors?
- Can Medicare obligations be extinguished in a Section 363 sale?
- What steps can counsel take to ensure compliance with Medicare obligations during the bankruptcy process?
Ms. Kovsky-Apap focuses her practice on bankruptcy and out-of-court workouts. She also has substantial litigation... | Read More
Ms. Kovsky-Apap focuses her practice on bankruptcy and out-of-court workouts. She also has substantial litigation and trial experience in the areas of bankruptcy, commercial and securities law. She handles healthcare matters, representing official committees of unsecured creditors, major unsecured creditors and asset purchasers in Chapter 11 bankruptcies of hospitals, skilled nursing facilities, long-term care and rehabilitation facilities and centrally managed medical clinics.Close
Ronald M. Winters
Mr. Winters has more than 25 years of restructuring experience including over 15 years specializing in healthcare,... | Read More
Mr. Winters has more than 25 years of restructuring experience including over 15 years specializing in healthcare, higher education and not-for-profit sectors. With a particular talent for managing complex problems and navigating the competing interests of multiple stakeholders, he is one of the most experienced ‘middle market’ healthcare bankruptcy and restructuring professionals in the country.Close