Restructuring Hospitals Post-Pandemic: What You Should Know About the Value of Bankruptcy
The primary cause of the escalation of financial hardship among healthcare institutions can be attributed to the “COVID hangover” which resulted in a surge of labor and supply expenses due to nursing shortage and persisting supply chain complications. Consequently, numerous hospitals are contemplating bankruptcy as a plausible alternative for restructuring their operations. This webinar will examine the various types of bankruptcy and their advantages and disadvantages in the context of hospital restructuring.
Join a panel of key thought leaders and distinguished experts organized by The Knowledge Group as they provide a comprehensive discussion of the significant role of bankruptcy in hospital restructuring. Speakers, among other things, will guide you through the bankruptcy process, filing requirements, and other critical considerations.
Live and Recorded CLE & CPE Webcasts in the Legal, Tax, Finance, Risk, Compliance and Human Resources Industries
Founded in November 2006, The Knowledge Group has established itself as a premier eLearning hub for Continuing Legal Education (CLE), Continuing Professional Education (CPE), and technology-focused webcasts. We equip lawyers, accountants, and industry professionals with expert-driven insights, timely regulatory updates, and practical strategies to help them stay ahead in an ever-evolving landscape.
Partner at Moritt Hock & Hamroff LLP
Leslie A. Berkoff is a Partner with the firm where she serves as the Chair of the firm’s Dispute Resolution Practice Group, is the former Chair of the Bankruptcy & Creditors’ Rights Practice Group, and serves on the firm’s Management Committee. Ms. Berkoff splits her time between these two Practice Groups. In the restructuring space, she concentrates her practice in chapter 11 cases, bankruptcy litigation and corporate workouts where she represents a variety of corporate debtors, trustees, creditors and creditor committees both nationally and locally. Ms. Berkoff’s Dispute Resolution practice has her frequently serving as an ad hoc and panel mediator, she is on the Mediation Panels for the Eastern and Southern Districts of the United States Bankruptcy Courts in New York and the United States Bankruptcy Courts in Delaware and the Eastern District of Pennsylvania, as well as the Commercial Mediation Panel for Nassau County, Bronx County and the Nassau County Bar Association.
Managing Director at Berkeley Research Group, LLC
As a Managing Director, Peter Chadwick has significant operating experience, including improving underperforming businesses and advising debtors and creditors in complex financial matters. He has served as chief executive officer, chief operating officer, chief financial officer, and advisor to companies in a variety of industries. Mr. Chadwick currently serves as CFO to Verity Health Systems, a $1.3 billion six acute care hospital system in California. Mr. Chadwick is also CFO of each hospital, the associated charitable foundations and the physician management group overseeing over 240 physicians. Mr. Chadwick’s healthcare experience includes acting as the advisor or an officer to healthcare providers, including leading hospital systems and long-term care providers through operational turnarounds and financial restructurings.
Senior Healthcare Advisor at Independent Advisor
Michael Lane is a healthcare professional with over 40 years of industry experience providing advisory services to healthcare organizations across the nation as a consultant, investment banker and interim executive in troubled situations. His scope of expertise includes merger and acquisitions, divestitures, restructuring and operational improvement. He has worked with hundreds of healthcare organizations throughout his career including, academic medical centers, behavioral health providers, multi-hospital systems, freestanding acute care hospitals, senior care providers, multi-specialty physician groups and home health organizations as well as major financial institutions. He has been involved with dozens of healthcare Chapter 11 proceedings over the years, served as CEO and Chief Restructuring Officer on numerous occasions and, most recently was Chief Restructuring Officer for Astria Health in Washington State where he led the organization through a successful Chapter 11 reorganization. In addition, he has been admitted as an expert witness in numerous federal and state courts.
Partner at Dentons
Samuel Maizel leads the Firm’s healthcare industry restructuring efforts nationwide as a partner in Dentons’ Los Angeles Office. His practice includes bankruptcy matters as well as financial restructurings, in- and out-of-court, involving a broad spectrum of industries but he is a nationally recognized expert in the unique issues that arise in the restructuring of healthcare industry entities. In chapter 11 cases, he has served as lead counsel to debtors, trustees and creditors’ committees, and has acted as a trustee, examiner, patient care ombudsman and consumer privacy ombudsman. He has also represented many buyers and sellers of assets in chapter 11 cases. In chapter 9 cases, Sam has represented local hospital districts and other governmental units, serving as debtor’s counsel and as counsel to creditors’ committees.
