LMCHH PCP LLC (Louisiana Medical Center and Heart Hospital LLC)

• 1/30/17 Recap: This is a revenue and operating costs story. Not enough of the first. Too much of the latter. Utilization didn't make up for the cost and capital structure and now the debtor is in Chapter 11 with the hope of finding a buyer.
• Jurisdiction: E.D. of Louisiana (transferred from D. of Delaware)
• Capital Structure: $12mm RCF/$6.7mm funded (MidCap Financial LLC), $105mm Demand Note (Cardiovascular Care Group Inc.),    
• Company Professionals:
  • Legal: Alston & Bird LLP (Grant Stein, David Wender, Sage Sigler), Jones Walker LLP (Elizabeth Futrell) & (local) Young Conaway Stargatt & Taylor LLP (Joel Waite, Kenneth Enos)
  • Financial Advisor & CRO: Solic Capital Advisors LLC (Neil Luria)
  • Claims Agent: Garden City Group (*click on company name above for free docket)
  • Other Parties in Interest:
    • Official Committee of Unsecured Creditors
      • Legal: Heller Draper Patrick Horn & Dabney LLC (William Patrick, Tristan Manthey, Cherie Nobles)
      • Financial Advisor: CohnReznick LLP (Clifford Zucker)
    • MidCap Funding IV Trust
      • Legal: Locke Lord LLP (C. Davin Boldissar)

Updated 4/2/17