Dechert Helps Secure Approval for Inspired Healthcare for US$713M Sale

Dechert represented Inspired Healthcare Capital (Inspired), a private equity firm specializing in senior housing investments, in connection with its Chapter 11 cases and the court-approved sale of 29 senior living communities for approximately US$713 million.

The cases, filed in the U.S. Bankruptcy Court for the Northern District of Texas, involved 161 debtor entities, including investment funds, Delaware Statutory Trust property owners, operating entities and related affiliates. During the proceedings, the debtors secured a US$45 million debtor-in-possession financing commitment to support operations and resident care while pursuing a comprehensive sale process.

The sale was approved by the U.S. Bankruptcy Court for the Northern District of Texas, followed a competitive marketing and auction process and includes the acquisition of the communities by 10 buyers.

Inspired is a private equity firm focused on senior housing investments, with operations across 14 states.

The Dechert team that represented Inspired Healthcare was led by financial restructuring partners Marcus Helt, Jack Haake, Debbie Green and Jerry Hall, and included corporate partner Jennifer Csik Hutchens and counsel Nate Klein; capital solutions partner Jennifer Harris; financial restructuring associates Joshua Berland and Pablo Rioseco; and global tax partner Kevin Zaragoza.

About Dechert

Dechert is the law firm that helps business leaders lead.

For more than 150 years, we have advised clients on critical issues - from high-stakes litigation to first-in-market transaction structures and complex regulatory matters. Our lawyers in commercial centers worldwide are immersed in the key sectors we serve - financial services, private capital, real estate, life sciences and technology.

Dechert delivers unwavering partnership so our clients can achieve unprecedented results.