Vanguard Healthcare’s Restructuring

Bass, Berry & Sims advised the Official Committee of Unsecured Creditors of Vanguard Healthcare, we protected the interests of all unsecured creditors in every aspect of a bankruptcy and worked to achieve a 100% recovery of the amounts owed to unsecured creditors.

Achieving this goal required that the Department of Justice’s false claims action against the debtors be resolved promptly. The debtors are a privately held skilled nursing company that operates approximately 18 facilities and a pharmacy. Glenn Rose has extensive experience in both bankruptcy and false claims act lawsuits against healthcare companies, enabling the firm to play a key role in obtaining a satisfactory resolution of the government’s claim. Ultimately, we successfully negotiated with the debtor a chapter 11 plan that will allow the debtor to remain in business and pay the unsecured creditors 100% on their claims.

Bass, Berry & Sims advised with a team including Paul G. Jennings (Picture) and Glenn B. Rose.

Involved fees earner: Paul Jennings – Bass Berry & Sims; Glenn Rose – Bass Berry & Sims;

Law Firms: Bass Berry & Sims;

Clients: Vanguard Healthcare – Official Committee of Unsecured Creditors;


Author: Ambrogio Visconti