Health Care Committee

Committees

Post date: Monday, April 08, 2019

As any bankruptcy practitioner knows, laws other than the provisions of the Bankruptcy Code can significantly impact a debtor’s reorganization.

Post date: Monday, April 08, 2019

Many Americans lack health insurance.[1] Even people with health insurance may seek care from out-of-network hospitals that don’t participate in their health plans.[2] That is what happened with the debtor in In re Dietrich, because “his heal

Post date: Thursday, January 18, 2018

Health care businesses are seeking bankruptcy relief in increasing numbers.[1] Often, company assets are sold pursuant to § 363 of the Bankruptcy Code.[2] Such sales benefit not only the debtor’s creditors, but also the community — providing for the continuation of medical car

Post date: Friday, October 28, 2016

[1]An asset sale is an important strategic option for hospitals and other health care facilities in financial distress.

Post date: Monday, December 21, 2015

As we close 2015 with more hospital bankruptcies being filed around the country, the ABI Health Care Committee is expecting an interesting year ahead in 2016.

Post date: Tuesday, October 13, 2015

There is much in the booming health care industry to entice an acquisition or integration. The boom has been accompanied by vast amounts of data digitized as electronic health records and myriad other formats. This data adds great value to health care organizations. Because of its value, data merits exacting protection from loss of any kind.

Post date: Tuesday, March 03, 2015

There has been a significant wave of health care provider consolidation driven by the desire to achieve scale in response to declining patient volumes and reimbursement, increasing costs, health care reform and the need for capital to implement improvements in the delivery of care, development/expansion of their physician networks and to make needed upgrades in IT, especially electronic medical

Post date: Wednesday, August 27, 2014

In his 2009 State of the Union Address, President Barack Obama urged Congress to confront the “crushing cost of health care,” claiming that “[t]his is a cost that now causes a bankruptcy in America every thirty seconds.”[1] Like-minded lawmakers subsequently introduced legislation to provide certain bankruptcy protections for medically

Post date: Thursday, April 17, 2014

Hospitals and other healthcare providers are facing significant financial and fiscal pressures. The recession and the sluggish recovery reduced personal incomes and, therefore, the demand (if not the actual need) for healthcare services. Pharmaceutical therapies and ambulatory surgical centers had previously reduced hospital admissions and revenues. Reduced reimbursements by Medicare, Medicaid, and private insurers have further suppressed revenues.

Post date: Saturday, October 01, 2011

The following hypothetical demonstrates the scope and application of §327(a) to competing neighboring urban hospitals: Two nonprofit hospitals are separated by three miles in a densely populated low-income urban community. Holy Mackerel sits at one end of Main Street while Baruch Gefilte is at the other. Both are suffering financial difficulties.

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Ms. Cynthia Romano
Co-Chair
CohnReznick LLP
New York, NY
(617) 970-7383

Mr. Daniel I. Waxman
Co-Chair
KEWA Financial Inc.
Lexington, KY
(859) 233-0352

Mr. Robert M. Schechter
Communications Manager
Porzio, Bromberg & Newman, P.C.
Morristown, NJ
(973) 889-4127

Mr. Brian Bonaviri
Education Director
Grant Thornton LLP
Charlotte, NC
(704) 632-6815

Ms. Kathleen Allare
Newsletter Editor
Perkins Coie LLP
Chicago, IL
(602) 909-4424

Ms. Samantha Ruben
Special Projects Leader
Dentons US LLP
Vernon Hills, IL
(847) 790-6473

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