Case Overview

Represented several creditors, including Regional Professional Building, L.P., in the Ste.ward Health Care System LLC, et al. Chapter 11 cases pending in the Southern District of Texas. Regional, as landlord, leased approximately 87,000 square feet of medical office space to the Ste.ward Debtor which operated the hospital in Port Arthur, Texas. The firm's attorneys assisted Regional in ongoing sale proceedings in the bankruptcy cases to ensure that Regional's significant administrative claim and prepetition claims would be properly treated as a condition to the sale and potential assignment of the lease to a new buyer. The firm's attorneys also represented an interested bidder in connection with the sale of the hospital. The case has received coverage in The Wall Street Journal: https://www.theexaminer.com/news/hospital-owners-file-bankruptcy https://www.wsj.com/articles/steward-wins-court-approval-to-hand-over-troubled-hospitals-to-landlord-2efd3513