When California's Brotman Medical Center filed for Chapter 11 bankruptcy in October, attorneys paid attention. Its financial struggles are likely to be a harbinger of hospital woes to come as the number of uninsured patients grows and hospital revenues decrease. O'Melveny & Myers is actively targeting hospital bankruptcies, hoping to cash in on a climate of upheaval. Other firms are ramping up as a hospital crisis looming in California may mean plenty of legal work to go around.
December 10, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When Culver City, Calif.’s Brotman Medical Center filed for Chapter 11 bankruptcy in late October, attorneys paid attention.
Its financial struggles are likely to be a harbinger of hospital woes to come as the number of uninsured patients grows and hospital revenues decrease.
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