Continuing Care Retirement Calamities—Navigating the Perils and Pitfalls of Distressed CCRCs
11:00 am – 12:00 pm CDT
To download the presentation, please click here.
The collapse of the housing market and the prevalent use of 100 percent debt financing have placed an enormous strain on the senior housing sector, particularly high-end continuing care retirement communities (CCRCs). Against this backdrop, McDermott Will & Emery, RBC Capital Markets and Senior Care Development are pleased to present a complimentary webcast designed to assist CCRC owners, operators, sponsors and investors in navigating the perils and pitfalls of the existing environment.
The webcast will feature a moderated discussion of hot topics between panelists David Fields of RBC Capital Markets and David Reis of Senior Care Development. Other topics to be covered include:
- Structural challenges to a successful restructuring or sale posed by rapidly amoritizing variable rate debt, poorly conceived entrance fee refund requirements, land leases and licensing concerns
- Key workout issues involving intercreditor disputes, resident rights and interests, sponsor and board of directors challenges, and collateral package issues
- Bankruptcy considerations such as cash collateral, resident contracts and claims, and 363 sales vs. reorganizations
Nathan F. Coco, Partner, McDermott Will & Emery
David B. Fields, Director, RBC Capital Markets
Miles W. Hughes, Partner, McDermott Will & Emery
David Reis, CEO, Senior Care Development
William P. Smith, Partner, McDermott Will & Emery
This webcast is the third in an ongoing series addressing the risk and opportunities in the distressed health care marketplace.
For more information, please contact McDermott Events.
CLE credit for the live presentation of this program is pending in the following states: California, Illinois, New York and Texas. A Uniform Certificate of Attendance will be made available to participants requesting CLE credit in all other states. Please note that in accordance with applicable state MCLE rules regarding attendance validation, each attendee seeking credit must log in to the webinar individually. Credit will not be granted for multiple attendees using one log in. Please be advised that CLE credit will not be approved for on demand/recorded viewings of this program in the states listed above. Attendees seeking credit in other states should consult their state CLE accrediting agency to determine whether self-study credit can be earned for on demand/recorded viewing of this program.