Hospital Bankruptcies – Unique Challenges and Current Hot Topics

Hosted by the Business Reorganization and Health Care Committees

There have been a number of recent bankruptcy filings by large and high profile healthcare providers, such as the filings of Verity Health System of California, Inc., in Los Angeles (the second largest hospital bankruptcy case in American history), Hospital Acquisition LLC and 25 related debtors d/b/a Promise Health and American Academic Health System (Hahnemann University Hospital and St. Christopher Hospital in Philadelphia) in Wilmington, Delaware, and Astria Health in Yakima, Washington. Additionally, EmpowerHMS owned or helped manage a rural hospital empire that encompassed 18 facilities across eight states. After funding from a controversial lab-billing venture dried up, 12 of the hospitals entered bankruptcy and eight closed their doors. There has also been a steady stream of lower profile cases, including Westlake Hospital in Melrose Park, Illinois, Penobscot Valley Hospital in Maine, and Springfield Hospital, Inc., in Vermont, and it appears that there are more filings in store. The webinar will discuss (i) the reasons for this growing trend of healthcare cases, (ii) the unique challenges in those cases, which involve not only the typical payment of creditor claims, but also the care of patients, (iii) the particular issues that arise uniquely in this class of cases, including jurisdiction over the Medicare and Medicaid Programs, treatment of provider agreements, the intersection of nonprofit law and bankruptcy law, and treatment of medical malpractice claims, and (iv) whether this trend of healthcare filings will continue.

Thursday, October 17, 2019

1:30 - 2:45 pm ET

This webinar is free to attend and CLE is available to members in qualifying states.*

SPEAKERS

Samuel R. Maizel
Dentons

Nancy A. Peterman
Greenberg Traurig, LLP

Andrew H. Sherman
Sills Cummis & Gross P.C.

* 1 hour of general CLE credit is available in the following pre-approved 60-minute-hour and 50-minute-hour states: AK, AL, AR, CA, DE, GA, IL, MO, NJ, PA, SC, TN, TX, VT, WI, and WV. These states follow an approved jurisdiction policy: AZ, CO, CT, NH, NY. ABI will submit attendance to DE, IL, NV, PA, TN, and TX. Attendees from Illinois claiming credit more than 30 days after an event will be charged the $25 Illinois late credit claim fee that becomes effective on January 1, 2020. For those jurisdictions not listed, ABI will not seek direct accreditation attorneys will need to self-submit. Some states allow may not allow self-submission. ABI will issue certificates for attorneys to self-submit for approval. ABI charges an administrative fee of $5 for Members and $25 for non-members upon requesting CLE credit for this program. Further details will be provided the day of the event.