On February 23, 2023, the United States Bankruptcy Court for the Southern District of Iowa confirmed a Joint Debtor/Committee Plan involving QHC Facilities, LLC and its 10 related nursing home and assisted living facilities. At its peak, QHC served a highly vulnerable population of over 300 residents. Confirmation of the Plan was the final chapter in the case that was preceded by an almost year-long sale and restructuring process. The Plan was made possible through complex negotiations with multiple entities, including the state and federal governments, two secured lenders, the Official Committee of Unsecured Creditors, and the United States Trustee. The Debtors were represented by Jeffrey Goetz with the law firm of Bradshaw, Fowler, Proctor & Fairgrave, P.C. and Krystal Mikkilineni and Tirzah Roussell with the Dentons Davis Brown law firm. The Debtors’ financial advisors were Ronald Winters, Brad Williams and Tyler Brasher with Gibbins Advisors. The Official Committee of Unsecured Creditors was represented by Francis Lawall and Deb Kovsky with Troutman Pepper.
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