Samuel R. Maizel
Partner | Dentons
Michael Lane
Senior Healthcare Advisor | Independent Advisor
Peter Chadwick
Managing Director | Berkeley Research Group, LLC
Leslie A. Berkoff
Partner | Moritt Hock & Hamroff LLPRestructuring Hospitals Post-Pandemic: What You Should Know About the Value of Bankruptcy | On-Demand Webinar
Broadcast Date: Thursday, September 28, 2023 | 12:00 PM to 2:00 PM (ET)
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.
Key Topics:
- Healthcare: Current Financial Issues and Challenges
- The Role of Bankruptcy in Hospital Restructuring
- Pros and Cons of Bankruptcy in Hospital Restructuring
- Legal Issues Surrounding Hospital Bankruptcy
- What Lies Ahead
Agenda:
Samuel R. Maizel, Partner
Dentons
Michael Lane, Senior Healthcare Advisor
Independent Advisor
- M&A activity over the years has increased the number and size of mega systems and reduced number of independent hospitals and small systems.
- Valuations have not changed over past decades; 6X-8X cash flow in the M&A
- Overwhelming majority of hospitals are non-profit.
- Excessive litigation stayed by the bankruptcy process
- Compliance and regulatory matters are mis-understood.
- Bankruptcy impact on the community, staff, moreale, community, etc…
Peter Chadwick, Managing Director
Berkeley Research Group, LLC
- Key Tends BRG is Tracking
- Healthcare Services Sector Analysis
- Overview
- Labor Dynamics
- Volume Dynamics
- Cost Inflation
- Macro Trends
- Capital Markets
- Opportunities
- M&A Activity by Sector & Sub-sector
- M&A Activity by Aggregate Deal Metrics
Leslie A. Berkoff, Partner
Moritt Hock & Hamroff LLP
- Healthcare filings in general
- Covid-19 and its continuing impact
- What Immediate Troubles Lie Ahead for these Facilities
- Additional Financial issues and challenges concerning Pharmaceutical Companies
- Some Hot topic Legal Issues Surrounding Healthcare Bankruptcies and What Lies Ahead and How Bankruptcy Can be a Value Proposition
Who Should Attend:
- Bankruptcy & Restructuring Lawyers/Consultants
- Chief Executive Officers
- Hospital Board of Directors/Board Members
- Chief Medical Officers
- Hospital Administrators
- Chief Financial Officers
- VPs/Directors of Finance
- General Counsel
Register for this course by clicking the “Take this Course” at the top of the page.
CLE Credit:
Course Level: Intermediate | Advance Preparation: Print and review course materials
Method of Presentation: On-Demand Webinar | Prerequisite: General knowledge of bankruptcy laws
Course Code: 1410810 | Total Credits: 2.0 CLE