Restructuring Hospitals Post-Pandemic: What You Should Know About the Value of Bankruptcy

As a Managing Director, Peter Chadwick has significant operating experience, including improving underperforming businesses and advising debtors and creditors in complex financial matters. He has served as chief executive officer, chief operating officer, chief financial officer, and advisor to companies in a variety of industries.

Mr. Chadwick currently serves as CFO to Verity Health Systems, a $1.3 billion six acute care hospital system in California. Mr. Chadwick is also CFO of each hospital, the associated charitable foundations and the physician management group overseeing over 240 physicians. Mr. Chadwick’s healthcare experience includes acting as the advisor or an officer to healthcare providers, including leading hospital systems and long-term care providers through operational turnarounds and financial restructurings.

Michael Lane is a healthcare professional with over 40 years of industry experience providing advisory services to healthcare organizations across the nation as a consultant, investment banker and interim executive in troubled situations. His scope of expertise includes merger and acquisitions, divestitures, restructuring and operational improvement. He has worked with hundreds of healthcare organizations throughout his career including, academic medical centers, behavioral health providers, multi-hospital systems, freestanding acute care hospitals, senior care providers, multi-specialty physician groups and home health organizations as well as major financial institutions. He has been involved with dozens of healthcare Chapter 11 proceedings over the years, served as CEO and Chief Restructuring Officer on numerous occasions and, most recently was Chief Restructuring Officer for Astria Health in Washington State where he led the organization through a successful Chapter 11 reorganization. In addition, he has been admitted as an expert witness in numerous federal and state courts.

Samuel R. Maizel is a partner in Dentons US LLP in Los Angeles and focuses his practice on restructuring, insolvency and bankruptcy in and out of court in all industries, and he leads the firm’s health care industry restructuring efforts nationwide. He has served as lead bankruptcy counsel to health care debtors and creditors’ committees, including in the recently completed chapter 11 bankruptcy cases of Verity Health System of California Inc., and 15 related companies, the second-largest hospital bankruptcy in American history.

Before joining Dentons, Mr. Maizel was a partner at a national bankruptcy boutique firm (1997-2015) and represented the federal government nationwide as a trial attorney in the U.S. Department of Justice’s Commercial Litigation Branch (1991-96). He has also served in U.S. Army’s The Judge Advocate General’s Corps (1985-91), including service in Operation Desert Shield/Desert Storm, for which he was awarded the Bronze Star Medal, as well as an Infantry Officer in the U.S. Army (1977-85).

Mr. Maizel has lectured extensively, is widely published, and been interviewed on television and radio on topics related to the health care industry and bankruptcy. He is a Fellow of the American College of Bankruptcy, is ranked in Chambers USA in both Bankruptcy and Health Care, and has regularly been named a “Super Lawyer.”

Mr. Maizel received his B.S. in 1977 from the U.S. Military Academy at West Point, his M.A. from Georgetown University in government in 1983 and his J.D. in 1985 from George Washington University School of Law, where he won the Jacob Burns Prize for excellence in appellate advocacy and served as president of the Moot Court Board.

Leslie A. Berkoff is a Partner with the firm where she serves as the Chair of the firm’s Dispute Resolution Practice Group, is the former Chair of the Bankruptcy & Creditors’ Rights Practice Group, and serves on the firm’s Management Committee.

Ms. Berkoff splits her time between these two Practice Groups. In the restructuring space, she concentrates her practice in chapter 11 cases, bankruptcy litigation and corporate workouts where she represents a variety of corporate debtors, trustees, creditors and creditor committees both nationally and locally.

Ms. Berkoff’s Dispute Resolution practice has her frequently serving as an ad hoc and panel mediator, she is on the Mediation Panels for the Eastern and Southern Districts of the United States Bankruptcy Courts in New York and the United States Bankruptcy Courts in Delaware and the Eastern District of Pennsylvania, as well as the Commercial Mediation Panel for Nassau County, Bronx County and the Nassau County Bar Association.