News
Suzanne Koenig Inducted into IWIRC’s Women of Restructuring Hall of Fame
SAK Healthcare is excited to share that Suzanne Koenig, CEO and Founder, was inducted into the International Women’s Insolvency & Restructuring Confederation’s Women of Restructuring Hall of Fame. Ms. Koenig received this prestigious award at IWIRC’s 19th Annual...
Transitional Rehabilitation Facility
SAK Healthcare provided receivership, turnaround management and transaction services for a $7.5 Million revenue, New Mexico-based transitional rehabilitation facility. What made this engagement particularly interesting? The facility was rarely more than 50% full, and...
Champaign County Nursing Facility
SAK Healthcare provided award-winning management turnaround and transaction services for a $12 Million revenue, Illinois-based publicly-owned skilled nursing facility. What made this engagement particularly interesting? The facility could not make payroll without help...
Suzanne Koenig Receives 2022 NYIC Women’s Division Renaissance Award
On February 15, 2022, the New York Institute of Credit (NYIC) Women's Division Committee presented Suzanne Koenig of SAK Healthcare the Renaissance Award. The NYIC Women’s Division Renaissance Award recognizes discovery and exploration in the ever-changing business...
Jennifer Meyerowitz Receives 2020 TMA Individual Award
The Turnaround Management Association (TMA) is thrilled to announce the winners of the 2020 Individual Awards. These awards recognize three members that have gone above and beyond for TMA, demonstrating that the TMA community is truly #BetterTogether. The 2020...
Jennifer Meyerowitz, Esq. Receives 2015 IWIRC Melnik Award
The International Women's Insolvency & Restructuring Confederation ("IWIRC") is pleased to announce the recipients of its 2015 Founders Awards. The honorees will receive their awards on Thursday, April 16, 2015, at IWIRC’s 12th Annual Spring Meeting in Washington,...
PCOs and the Ongoing Debate over Cost: 10 Years Later
By Suzanne Koenig and Nancy A. PetermanOriginally published in the ABI Journal, Vol. XXXV, No 1, January 2016 In 2005, the Bankruptcy Code was amended to include the “health care bankruptcy provisions,” which included a requirement that a patient care ombudsman...
Brotman Medical Center: A Successful Partnership Between a Debtor and a Patient Care Ombudsman
By David N. Crapo, Gibbons P.C., Newark, NJ The addition of § 333 to the Bankruptcy Code in 2005 as part of BAPCPA generated significant controversy. Section 333 mandates the appointment of a patient care ombudsman (“PCO”) if the debtor is a “health care business,”...
The Patient Care Ombudsman’s New Reality
By Nancy Peterman, Sherri Morissette, and Suzanne KoenigOriginally published in the ABI Journal, Vol. XXVI, No 6, July/August 2007 It has been almost two years since the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) and its...