Dykema Guides One of the Nation’s Largest Senior Continuing Care Retirement Communities Through Complicated Bankruptcy Case and Successful Plan of Liquidation Confirmation
December, 2021 - Chicago, Illinois
Dykema, a leading national law firm, served as counsel and represented Henry Ford Village, Inc. (HFV) through a complicated bankruptcy case and successful confirmation for a Plan of Liquidation concerning the sale of substantially all of HFV's assets to HFV OPCO, LLC, an affiliate of Sage Healthcare Partners ("Sage"), for $76.3 million. The sale order was entered by the United States Bankruptcy Court in the Eastern District of Michigan on May 25, 2021, and the Plan of Liquidation was confirmed on December 6, 2021.
Several attorneys from myriad practice disciplines contributed to Dykema’s representation of HFV, including the areas of Bankruptcy, Health Care Regulatory and Transactional, Class Action Litigation, Finance, Bonds, Real Estate, and Tax and probate .
Built in 1998, HFV has more than 1,000 units for independent, assisted living, memory, and skilled nursing care. The community sits on 35 acres of land, which is home to over one hundred clubs and activities, and top-of-the-line residential care facilities for its residents to engage in and rely on.
