Ropes & Gray Represents North Berkshire Healthcare Inc. in Chapter 11 Filing
Northern Berkshire Healthcare and North Adams Regional Hospital have approximately $43 million in secured, tax-exempt bond debt, as well as a substantially underfunded defined benefit pension plan.
The Ropes & Gray bankruptcy team is led by Boston-based bankruptcy & business restructuring partner Steve Hoort.
As hospitals and medical centers come under increasing economic pressure, they are frequently seeking ways to restructure their organizations. Ropes & Gray, with a leading health care practice ranked nationally by Chambers USA and a leading bankruptcy & business restructuring practice ranked nationally by U.S. News Best Lawyers, provides a deep knowledge of health care organizations and their unique business and financial structures. With industry-leading practices collaborating on virtually every form of insolvency or workout, the firm is uniquely positioned to advise these organizations during these challenging times.