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FLORIDA — Evans Senior Investments (ESI) has arranged the bankruptcy disposition of two skilled nursing communities in Florida.
The bankruptcy stemmed from a medical whistleblower whose case resulted in a civil fraud judgment of $256 million. Both communities operated under the brand of Consulate Health Care, and filed for bankruptcy when the skilled nursing operating entities could not afford to pay the judgment against them.
ESI was hired to represent the debtors in the sale of their assets, obtaining debtor-in-possession financing and providing a confidential valuation.
Ultimately, after an auction, the assets were sold in a credit bid transaction to a related party.