In light of the rapidly changing coronavirus (COVID-19) situation, Troutman Sanders and Pepper Hamilton have postponed the effective date of their previously announced merger until July 1, 2020. The new firm – Troutman Pepper – will feature 1,100+ attorneys across 23 U.S. offices. Read more.
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2019 was a record year for healthcare bankruptcies, and 2020 is on track to meet or exceed it as the COVID-19 crisis exacerbates systemic distress throughout the healthcare sector. Many hospitals and healthcare providers are being overwhelmed by the surging costs of caring for COVID-19 patients, while others, away from the front lines, have been forced to severely curtail services or shut down altogether. In an industry already struggling with disruption in the methods of care delivery, revenue cycle management challenges, falling reimbursement rates and unsustainable capital structures, COVID-19 will represent a tipping point for may facilities and providers.
When healthcare providers file for bankruptcy, they need to consider the cascade effect it will have. Healthcare providers face unique issues in bankruptcy, including the impact of the automatic stay on Medicare provider agreements and Medicare/Medicaid recoupments, selling assets in the context of an extensive regulatory scheme, and addressing the interests of numerous stakeholders beyond the creditors and equityholders who drive typical bankruptcies.
Counsel to distressed healthcare providers, their lenders, creditors, and investors must carefully consider the implications of the unique issues when navigating bankruptcy and framing a restructuring strategy.
Our authoritative panel of healthcare restructuring professionals will discuss these issues while demystifying the healthcare bankruptcy process. The panel will also examine potential out-of-court restructuring options.
Listen as our authoritative panel of healthcare attorneys examines the unique aspects that arise when insolvency involves a healthcare facility and healthcare providers. The panel will also discuss potential restructuring options. The panel will explore how bankruptcy impacts hospital/healthcare provider obligations under Medicare, HIPAA, Stark Law, Anti-Kickback Statute, and WARN Act. The panel will guide counsel in strategically navigating bankruptcy.
Key topics include:
CLE credit available.