Health care businesses experiencing distress include for-profit and nonprofit hospitals, ambulatory care centers, skilled nursing facilities, home health providers, reference laboratories, and pharmaceutical and medical device manufacturers. In 2019, we saw a rapid rise in the pace of bankruptcy filings in the health care space, with more than 50 large businesses filing through Q3. Drivers of distress include increased regulatory oversight, reduced reimbursement rates, inability to achieve economies of scale, growing competition from hospital and health care giants, and liabilities related to the opioid crisis. This landscape presents both significant risks and — potentially — significant rewards. Companies need the knowledge and sophistication to protect themselves from the upstream and downstream impacts that customer and vendor bankruptcies may have on their organizations. At the same time, they should be aware of the opportunities for value investors, both strategic and financial, created by bankruptcy asset sales.
Join Pepper Hamilton partner Deborah Kovsky-Apap as she presents an overview of the bankruptcy process and provides guidance on avoiding the pitfalls and maximizing the opportunities in Chapter 11.
Program is approved for one (1) substantive MCLE credit in Pennsylvania. Attorneys licensed in New Jersey may claim credit under New Jersey’s reciprocity policy.
This event is sponsored by Pepper Hamilton's Health Sciences Department, a team of 110 attorneys who collaborate across disciplines to solve complex legal challenges confronting clients throughout the health sciences spectrum.
Philadelphia Country Club
1601 Spring Mill Road
Gladwyne, PA 19035
There is no cost to attend.
Contact Kim MacAlister at firstname.lastname@example.org or 215.981.4249 with any questions.