HMP SUCCESSFULLY SELLS SENIOR CARE FACILITIES WITH ‘STALKING HORSE’ AUCTION

Healthcare Management Partners (HMP), acting as the court-appointed receiver, has closed the sale of substantially all assets pertaining to two Alabama-based senior care facilities (Cullman ALF Group, LLC and Decatur ALF Group, LLC) which were placed in receivership in January of 2018, by the United States District Court for the District of Northern Alabama after actions taken by the indenture trustees. HMP decided to utilize a stalking horse auction, an approach they have become experienced at executing successfully to the benefit of stakeholders, to maximize returns on the sale of the two facilities. HMP team members involved in the work included Derek Pierce, Lauren Douglas, Tyler Brasher, Anthony Jordan, and Ward Tishler. Read the full article at ABL Advisor.

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