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    Arent Fox Distressed Health Care Report | Issue No. 2, Vol. 01

    June 18, 2012

    Arent Fox attorneys have significant experience advising parties with respect to the workout and restructuring of health care institutions and health care related companies, as well as the acquisition, sale, and financing of distressed health care entities. We regularly monitor not only cutting edge developments in health care and bankruptcy law, but we stay abreast of the health care-related bankruptcy filings and asset sales across the country. Following is a listing of just a few recent filings and pending sales.

     
    Recent Bankruptcy Filings
     
    Debtor Bankruptcy Court Type of Business Reported Assets*
    Niftus, LLC Western District of Virginia (Roanoke) Physicians and surgeons equipment and supplies $10,170,000.00
    ART Applied Reimbursement Techniques, Inc. dba Applied Reimbursement Techniques fka Applied Reimbursement Technologies, Inc. Southern District of Alabama (Mobile) Emergency Physicians billing/reimbursement service $100,001 to $500,000
    * Assets reported in USD
     
    Recently Completed Sales
     
    Company Bidder/Amount* Dates
    Church Street Health Management LLC Garrison Investment Group Sale approved: May 24
    All assets $25 million credit bid

     

    * Amount reported in USD
     
     

     

    This report is provided exclusively to our firm's clients and certain investors, developers, lenders, and entities with which we have a relationship. For additional information about any of the cases listed above, please contact Robert Hirsh, Mette Kurth, Thomas Jeffry, or Jill Steinberg.

    Related People

    • Robert M. Hirsh
    • Thomas E. Jeffry Jr.
    • Mette H. Kurth
    • Jill A. Steinberg

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