BayMark Health Services, Inc. — Representation of BayMark Health Services, Inc. and over 100 of its affiliates (BayMark) in a comprehensive and fully consensual out-of-court restructuring that deleveraged its balance sheet obligations by approximately $466 million and provided new-money financing. BayMark is a leader in addiction treatment and counseling services with over 70,000 patients treated daily for opioid, alcohol and other use disorders across the United States and Canada. The fully consensual restructuring transaction transitioned ownership to BayMark’s lenders and ensures that patient care is undisrupted.
GoHealth, Inc. — Representation of GoHealth, Inc. and seven of its affiliates (GoHealth) in their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. GoHealth is a leading health insurance marketplace and Medicare-focused digital health company that leverages its proprietary technology to assist consumers searching for a Medicare health plan, and certain other insurance products, that meet their individual needs. GoHealth commenced its Chapter 11 cases, with the support of 100% of its prepetition lenders and over 75% of its equityholders in the aggregate, to implement a comprehensive restructuring transaction designed to address over $1 billion in debt obligations. The prepackaged plan will transition ownership to GoHealth's lenders, leave all general unsecured claims unimpaired, reinstate all preferred equity interests and provide a $10 million cash recovery to be distributed pro rata to common stockholders.
InterMed — Representation of InterMed Group, Inc. and certain of its affiliates (InterMed), an industry leader in healthcare technology management services, in a fully consensual out-of-court restructuring transaction that transferred ownership of InterMed’s business to its secured lender in exchange for the elimination of approximately $90 million of outstanding secured indebtedness.
