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...

“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...

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...

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...

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...

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,...

Q: How did you gravitate into turnaround/restructuring work? Brody: I graduated from the University of Delaware with a degree in accounting and immediately joined the audit department of a large accounting firm. At that point, I was fascinated with the various economic and operational issues faced...

At the core, the overarching goal of every turnaround or corporate restructuring, whether in or out of court, is to maximize enterprise value. When determining how best to accomplish that objective, enterprise leaders, together with their advisors, evaluate a variety of operational, legal, and...