CHICAGO – Dec. 2, 2022 – Global law firm Greenberg Traurig, LLP and SAK Healthcare were announced winners of the 2022 Small Transaction of the Year Award by The Turnaround Management Association (TMA) Chicago/Midwest Chapter.
Greenberg Traurig was recognized for advising SAK Management-Ohio, LLC, the court appointed receiver for Premier Health Care Management, Inc. and its affiliates, in one of the largest transactions approved under Ohio’s receivership statute. The transaction saved roughly 570 jobs and allowed for the uninterrupted care of over 600 residents at six skilled nursing facilities during the peak of the COVID-19 pandemic. The award also recognized SAK Healthcare for its excellence in maintaining operations at the facilities during the receivership and carrying out the transaction.
The transaction was led by Chicago Restructuring & Bankruptcy Practice Chair Nancy A. Peterman and included Shareholders Gabriel Aizenberg, Genevieve Dominguez, and Martin S. Kedziora, and Associate Danny Duerdoth.
“We are honored to be recognized by the TMA Chicago/Midwest Chapter and proud of our team’s high caliber work and commitment to providing our clients with award winning legal services,” Peterman said.
The awards program recognizes the most impactful turnarounds and transactions and are chosen for their well-defined, measurable outcomes based on a rigorous peer-review process by the Awards Committee, which is composed to represent the diversity of the TMA membership.
TMA Chicago/Midwest is a chapter of TMA’s Global Organization. According to TMA’s website, it is the most professionally diverse organization in the corporate restructuring and corporate health space and has almost 10,000 members in 54 chapters worldwide. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, and consultants, as well as academics, government employees, and members of the judiciary.
About Greenberg Traurig’s Restructuring & Bankruptcy Practice: Greenberg Traurig’s internationally recognized Restructuring & Bankruptcy Practice provides clients with deep insight and knowledge acquired over decades of advisory transaction and litigation experience. The team has a broad and diverse range of experience developing creative and effective solutions to the highly complex issues that arise in connection with in- and out-of-court reorganizations, restructurings, workouts, liquidations, and distressed acquisitions and sales. Using a multidisciplinary approach, the firm’s vast resources and invaluable business network, the team helps companies navigate challenging times and address the full range of issues that can arise in the course of their own restructurings or dealings with other companies in distress.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2500 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among the top firms on the Am Law 100, Am Law Global 100, and NLJ 250. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab and the Center for Resource Solutions Green-e® Energy program certifies that the firm’s U.S. offices are 100% powered by renewable energy. The firm is often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.