Case Study: Adeptus Health navigates complex bankruptcy restructuring with Epiq

Epiq helps Adeptus successfully navigate the complexities of its health care restructuring

Adeptus Health, a major operator of freestanding emergency rooms, filed for chapter 11 protection with over $228 million in debt. The company faced the complex challenge of navigating a large healthcare restructuring involving 140 affiliated entities, which required meticulous compliance with multijurisdictional regulations and the protection of sensitive patient information. Epiq was engaged to assist with this process.

Epiq provided comprehensive restructuring support, preparing financial statements for all debtor entities and implementing specialized procedures for the healthcare sector. They utilized proprietary HIPAA-compliant methods to redact sensitive patient data from all public documents, ensured notice was provided to 150,000 parties, and set up a database to track thousands of contracts. Epiq also managed a unique solicitation process for equity holders, which was crucial for achieving a reorganization plan. Their effective execution led to a successful outcome, and Epiq was subsequently hired as the claims and noticing agent for the resulting Adeptus Litigation Trust.

Adeptus Health