Acquisition of General Acute-Care Hospital by HealthTech Management Services

We represented HealthTech Management Services (formerly Brim Healthcare of Texas, LLC, an affiliate of Brim Healthcare, Inc.), in its March 2009 acquisition of Wadley Regional Medical Center, a 370-bed general acute-care hospital located in Texarkana, Texas. Our client acquired the medical center out of Wadley’s’ Chapter 11 bankruptcy proceeding and was the successful high bidder in an auction process run by the debtor for the hospital. HealthTech formed a joint venture with local physicians to purchase the hospital and provided interim debtor in possession financing to allow the hospital to operate pending the sale.

HealthTech Management Services® works with critical access, district and acute care hospitals across the U.S. to help them improve financial strength, build professional excellence and grow to meet the needs of their community.

You Also May Be Interested In:

  • Representation of Tennessee Community Bank Holdings, Inc., the parent company for Community Bank & Trust located in Ashland City, Tennessee, in its definitive agreement to sell to Reliant Bancorp, Inc. (Nasdaq: RBNC) for $37 million in an approximately 50% stock and 50% cash transaction.

    We represented Tennessee Community Bank Holdings, Inc., the parent company for Community Bank & Trust located in Ashland City, Tennessee,...
    Client Type: Private Company
  • We represented BioScrip, Inc. in its merger with Option Care Enterprises, Inc. The newly combined company, Option Care Health, Inc., emerges as the largest independent home and alternate site infusion services provider in the United States. Option Care Health’s common stock will be listed on the Nasdaq Global Select Market under the ticker symbol BIOS.

     

    We represented BioScrip, Inc. in its merger with Option Care Enterprises, Inc. The newly combined company, Option Care Health, Inc.,...
    Client Type: Public Company
  • We represented Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) in its investment in Denver-based Punch Bowl Social, an award-wining experiential food and beverage concept.

    We represented Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) in its investment in Denver-based Punch Bowl Social, an award-wining...
    Client Type: Public Company