In re Specialty Hospital of Washington, LLC
Dec 21, 2014OUTCOME: Sale of debtors' facilities approved.
Represented equity fund in chapter 11 bankruptcy case involving successful acquisition of two long-term care facilities and special nursing facilities located in the metropolitan Washington, D.C. area. ... Transaction involved client providing in excess of $30 million in secured, debtor-in-possession financing in 363 sale that involved more than $300 million in total assets and liabilities, and required significant negotiation with the Department of Justice and Department of Labor to approve transaction.
