PODCAST: DLA Piper and Greenberg Traurig restructuring lawyers talk SNF restructurings

03 October 2017

In the September edition of the Middle Market Junction, healthcare-oriented restructuring lawyers Nancy Peterman of Greenberg Traurig and Thomas Califano of DLA Piper join Middle Market reporter Bill Weisbrod to discuss the nuances of workouts in the skilled nursing facility industry.

Factors such as decreased government reimbursement rates and incentives for in-home patient care have conspired to push revenue down at many skilled nursing facilities throughout the US. To compound issues for operators of those facilities, many of the facilities are leased, and therefore have high fixed cost burdens. For example, landlord Quality Care Properties filed last month to appoint a receiver for facilities leased by operator HCR ManorCare after a default.

CLICK HERE to listen to the podcast.