Attorneys
ABI's 2023 Health Care Asset Sale of the Year: Borrego Community Health Foundation
American Bankruptcy Institute
Steve Golden will be a featured panelist for an upcoming abiLIVE webinar discussing the chapter 11 proceedings of Borrego Community Health Foundation, a nonprofit health center providing invaluable, culturally informed healthcare services to San Diego and Riverside County’s underserved communities. The case was recently selected by the American Bankruptcy Institute (ABI) as its 2023 Health Care Asset Sale of the Year.
PSZJ served the committee of unsecured creditors in this case, alongside the committee’s financial advisors at FTI, Cliff Zucker and Narendra Ganti. The plan, confirmed on January 17, 2024, will lead to a 100% recovery to holders of allowed general unsecured claims in what was a complex case that began under difficult and uncertain circumstances.
During the webinar, which will take place on September 23, 2024, from 4pm to 5:15pm EDT, Steve and other recipients of the award will discuss the company's threatened suspension by the California Medi-Cal program and the execution of a strategy that initially had led to court orders stopping the suspension, then later culminated in the sale of assets. The webinar will detail specifically how Borrego's professionals navigated complex health care, regulatory, and bankruptcy issues, which ultimately resulted in a settlement and sale that ensured the continuation of high-quality, culturally competent care to Borrego's patients and a substantial recovery for creditors.
To learn more and to register for the webinar, click here.