Newark, NJ (August 11, 2020) – Epstein Becker Green (EBG) is pleased to announce that the Turnaround Management Association (“TMA”) has chosen the firm as a winner of the 2020 Mid-Size Company Turnaround of the Year Award for completing a highly complex transaction between Coordinated Health (“CH”) and Lehigh Valley Health Network (“LVHN”). EBG served as CH’s transaction and antitrust counsel and advised on a range of issues related to employment and employee benefits, intellectual property, and health care regulatory matters. Also honored for their role in the transaction were teams from CohnReznick LLP and Saul Ewing Arnstein & Lehr LLP.
The Turnaround of the Year Award recognizes the individuals who improve business by implementing effective operations, establishing solid management, generating positive cash flow, or affecting other operational enhancements (typically outside of a court process) leading to the recovery of a struggling business whose revenue at the time of turnaround was $50 million to $299 million USD.
TMA recognized members of the EBG team, led by Victoria Vaskov Sheridan, Patricia M. Wagner, and Andrew Kaplan, Members of the Firm in the Health Care & Life Sciences practice. Attorneys John Barry, Matthew H. Berger, Tanya Vanderbilt Cramer, James P. Flynn, Gary W. Herschman, Laurajane B. Kastner, Wendy G. Marcari, Colin G. McCulloch, Anjana D. Patel, Alison M. Wolf, and Allison Zangrilli also assisted with the transaction.
“We are extraordinarily honored to receive this award,” said Ms. Sheridan. “To accomplish this deal required a truly special team and we are sincerely appreciative to have all members, from all firms, recognized for their efforts. This transaction had tremendous impact on the community and the industry.”
“This was a very difficult, challenging, yet extremely rewarding deal which required a multidisciplinary team approach and around-the-clock work and input from advisors on many sides,” said Mr. Herschman, Member of the Firm.
About Epstein Becker Green
Epstein Becker & Green, P.C., is a national law firm with a primary focus on health care and life sciences; employment, labor, and workforce management; and litigation and business disputes. Founded in 1973 as an industry-focused firm, Epstein Becker Green has decades of experience serving clients in health care, financial services, retail, hospitality, and technology, among other industries, representing entities from startups to Fortune 100 companies. Operating in locations throughout the United States and supporting domestic and multinational clients, the firm’s attorneys are committed to uncompromising client service and legal excellence. For more information, visit www.ebglaw.com.
The Turnaround Management Association (TMA) is the most professionally diverse organization in the corporate restructuring and corporate health space. Established in 1988, TMA has almost 10,000 members in 54 chapters worldwide, including 34 North American chapters. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academics, government employees, and members of the judiciary. Visit turnaround.org/become-member for more information and to join.