In today’s environment, more and more health care facilities are under severe financial pressure. To assist our clients experiencing these difficulties, members of the firm’s Health Care and Creditors’ Rights & Bankruptcy Groups recently formed our Financially Troubled Health Care Facilities Group. The attorneys’ collective experience and diverse backgrounds will allow our clients to explore various options when financial problems arise. Services that our Financially Troubled Health Care Facilities Group provides include:
- Serve as counsel and health care consultants to financially troubled health care facilities and institutions that may be considering filing for reorganization or liquidation under the federal Bankruptcy Code or state insolvency laws.
- Accept appointments by the Bankruptcy Judges in the District of New Jersey, the Commissioner of the New Jersey Department of Health and Senior Services, and New Jersey Chancery Judges to serve as Trustees, Assignees for the Benefit of Creditors, Rehabilitators, and in other fiduciary capacities, for financially troubled health care facilities and institutions in New Jersey and New York.
- Serve as Regulatory and Litigation Counsel, and Regulatory Consultants, to hospitals and their affiliated corporations, hospital medical staffs and medical staff members, nursing homes and other long-term care facilities, professional practices and other providers of health care services.
- Assist financially troubled health care facilities that are the target of federal program (i.e., Medicare and Medicaid) fraud investigations, whistle-blower actions, and other federal and state compliance actions which may involve emergent criminal and civil defense support.
- Provide consulting and counsel advice in connection with entities seeking to take over targets which are financially troubled health care facilities and institutions.
- Analyze and advise new ventures capital groups involving the takeover and mergers of financially troubled health care facilities and institutions.