Lenders, Landlords Can Turn to Healthcare Receiverships for Troubled Facilities
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Lenders, Landlords Can Turn to Healthcare Receiverships for Troubled Facilities
By Nancy A. Peterman and Rita M. Alliss Powers, Shareholders, Greenberg Traurig LLP & Suzanne Koenig, CTP, President, SAK Management Services LLC
The healthcare industry presents challenges for operators, landlords, lenders, vendors, and others doing business within the sector. The industry is virtually always in turmoil amid reimbursement rate modifications, new enforcement efforts, and the ongoing evolution of the delivery of medical...
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Suzanne Koenig, CTP, is president and founder of SAK Management Services LLC, a nationally recognized healthcare consulting and long-term care management company that specializes in restructuring and maximizing value to healthcare entities. Koenig owns and operates facilities and receives court appointments as an examiner, receiver, and patient care ombudsman of healthcare facilities. She serves on the board of directors of the Summit Healthcare REIT Inc. and TMA Global’s board of trustees. She is a licensed nursing home administrator and a licensed social worker.
Rita M. Allis Powers is co-managing shareholder of Greenberg Traurig’s Chicago office and co-chair of the firm’s Real Estate Litigation Practice. She focuses her litigation practice on trials, arbitrations, and mediations involving commercial landlord-tenant disputes, large commercial mortgage foreclosures, conveyance, pre-dispute and post-closing issues, insurance coverage, and business torts. Powers has a bachelor’s degree from DePauw University and a law degree from Vanderbilt University Law School.
Nancy A. Peterman is a shareholder of Greenberg Traurig and chairs the firm’s Chicago Restructuring & Bankruptcy Practice. She has substantial experience in distressed healthcare transactions, has played central roles in numerous healthcare cases, and was instrumental in enacting the healthcare insolvency provisions of the U.S. Bankruptcy Code. Peterman co-authored the American Bankruptcy Institute’s Health Care Insolvency Manual and is also a former co-chair of ABI’s Committee on Health Care Insolvency. Peterman has a bachelor’s degree and a law degree from the University of Michigan.
