Represented Stalking Horse Bidder in Acquisition of Debtor Hospital as part of Chapter 11 Reorganization
Dinsmore’s Healthcare and Bankruptcy attorneys collaborated to close a member substitution transaction whereby our client Health System became the sole member of a debtor hospital in a Chapter 11 action. Dinsmore prepared the financing and joint creditor agreements as part of its representation of the acquiring Health System in its role as Chapter 11 DIP Lender and also represented Health System as the stalking horse bidder to acquire debtor hospital through a sale approved as part of its Ch. 11 Plan of Reorganization. Dinsmore also prepared the definitive transaction agreements as part of the Ch. 11 filings, restructured the Health System’s board, prepared amended and restated Health System and debtor hospital governing documents and handled all pre- and post-closing state and federal regulatory notices and filings related to the transaction, including ODH hospital licensure and Medicare filings.
