💊New Chapter 11 Bankruptcy Filing - Rochester Drug Cooperative Inc.💊

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Rochester Drug Cooperative Inc.

March 12, 2020

New York-based wholesale pharmaceutical cooperative that services independent pharmacies filed for bankruptcy to wind down its business. Revenues have been declining for years and it faces significant litigation risk in connection with a number of opioid-based lawsuits.

  • Jurisdiction: W.D. of New York (Judge )

  • Capital Structure: $170mm RCF & $5mm Term Loan (M&T Bank(

  • Professionals:

    • Legal: Bond Schoeneck & King PLLC (Stephen Donato)

    • Financial Advisor: Huron Consulting Group LLC

    • Investment Banker: Houlihan Lokey Capital Inc.

    • Claims Agent: Epiq (*click on the link above for free docket access)

  • Other Parties in Interest: