September 2021
Feature Article
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The CARES Act: Savior or Continuing Curse?
During the summer of 2021, the United States began to tentatively emerge from the COVID-19 pandemic, a dynamic that was supported thanks to hospitals nationwide benefiting from payments received in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act. As of April 2021, an estimated $178 billion in funds were available, and $146 billion had been distributed. This funding was […]
More from this Issue
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Healthcare in the New Normal
Last year, when I sat down to write the guest editor’s column for the 2020 healthcare issue, we were reeling from a pandemic that not only was straining our already overtaxed healthcare system but also exacerbating the socio-political fissures that have dominated headlines, created misinformation, and prolonged this dystopian nightmare. Now, a year later, some […] -
Understanding, and Managing Through, Disruption
As we start to see the light of a post-pandemic world, we continue to navigate the choppy waters of certain uncertainty. The articles on healthcare in this issue of the JCR highlight much about a troubled sector and address issues related to what is on the horizon for the restructuring community generally. Issues like the […] -
Turnaround Professionals Are Good for What Ails Healthcare Companies
In every crisis, there are many unsung heroes. As we’ve watched the pandemic affect so many lives, our admiration, thanks, and gratitude to our healthcare, medical, and scientific professionals are tremendous. As our medical system shifted to focus on fighting this pandemic, it showed us both the best of people and the systemic problems with […] -
The CARES Act: Savior or Continuing Curse?
During the summer of 2021, the United States began to tentatively emerge from the COVID-19 pandemic, a dynamic that was supported thanks to hospitals nationwide benefiting from payments received in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act. As of April 2021, an estimated $178 billion in funds were available, and $146 billion had been distributed. This funding was […] -
Challenged Senior Housing Sector Struggles to Endure a Pandemic
Senior housing is vast sector of the healthcare industry consisting of numerous providers, both taxable and tax-exempt, ranging from independent living housing to skilled nursing homes to comprehensive life plan communities and just about everything in between. Operators and capital sources have inundated the sector in hot pursuit of unmatched demand levers, such as attractive […] -
Treatment of Healthcare Company Provider Agreements Is Key in Chapter 11 Bankruptcy Sales
Many healthcare companies, both for-profit and nonprofit, are facing increasing financial distress, causing many of them to seek relief under Chapter 11 of the U.S. Bankruptcy Code to restructure their financial obligations, sell substantially all of their assets, or implement an orderly plan of closure. The factors driving such distress include the ever-changing regulatory environment, […] -
The Treatment of MAAP Payments in Bankruptcy
The Medicare Accelerated and Advance Payments Program (MAAP) allows the Centers for Medicare and Medicaid Services (CMS) to accelerate payments to Medicare providers and suppliers to help offset financial losses due to a disruption in claims processing or during a public health emergency such as the COVID-19 pandemic or other national disaster. In the last […] -
The Role of the Receiver in Senior Living Communities
The pandemic has intensified many of the pressures the senior living sector was already facing, including declining census, and workforce, regulatory, and reimbursement challenges. Many senior living facilities saw their revenues decline as occupancies decreased while at the same time contending with rising costs for personal protective equipment (PPE) supplies and staffing needs. Although some […] -
How Nonprofit Fiduciary Duties Impact Healthcare Restructuring
“Where was the board during this?” is not a question any nonprofit board member wants to hear, but it is one that is often asked. Thus, what are board members’ responsibilities during a distressed nonprofit healthcare organization’s search for a financial solution? This article focuses on nonprofit healthcare organizations, such as hospitals, skilled nursing facilities, […] -
Walking the Walk: Linc A. Rogers
Q: How did you gravitate into turnaround/restructuring work? Rogers: When we graduate from law school in Canada, we do a form of legal apprenticeship known as articling. When you article at a large firm like Blakes, you do rotations in different practice areas. My former colleague and good friend Steve Weisz—who is a former TMA Toronto […] -
Newcomers: September 2021
Atlanta Jeffrey W. Appleton, Briar Capital Real Estate Fund LLC Sarah R. Banda, Miller & Martin PLLC Renee D. Lefebvre, ARG Partners David Zimmerman, Northpoint Commercial Finance California – Northern LouAnn Conner Heather J. Davey Joshua Ohman, Armanino LLP Mark Etchin, Hound Capital California – Southern James H. Flores Howard Grobstein, Grobstein Teeple LLP Eric P. Israel […]
Snapshot Article
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