SFGH Confirms Chapter 11 Plan in Regional Hospital Bankruptcy
On February 9, 2018, the United States Bankruptcy Court for the Southern District of Iowa confirmed the chapter 11 liquidation plan of Central Iowa Healthcare, a mid-sized hospital and clinic system based in Marshalltown, Iowa with a reach through three central Iowa counties. Sugar Felsenthal Grais & Helsinger LLP, led by partner Mark S. Melickian, served as Special Healthcare Reorganization Counsel and led the engagement from filing through plan confirmation. Mark was assisted in the engagement by SFGH partners Michael Brandess and Matthew Schiff, and litigation associate Kathryn Nadro. In May 2017, SFGH took the Debtor through the sale of substantially all of its assets to Allen Health Systems, Inc., d/b/a UnityPoint Health – Waterloo, a transaction that allowed the hospital and clinics to remain open, saved hundreds of regional jobs, and won M&A Advisor’s 363 Sale of the Year award ($10 million - $25 million) for 2017.