Foley & Lardner LLP served as deal counsel to Path Medical, LLC in the sale of substantially all of its assets to an affiliate of Physicians Group, LLC. The sale was effectuated through a Section 363 sale process pursuant to a confirmed Chapter 11 Plan of Reorganization in the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division. The transaction closed in September 2022.
Path Medical is a leading provider of acute trauma treatment and diagnostic imaging services in the State of Florida. The company has 28 medical offices, including 25 clinics, two of which also have diagnostic imaging technology (MRI), and an additional three MRI-only locations. Path Medical primarily treats patients who suffer acute injuries from, among other causes, slips and falls and automobile accidents.
The Foley team representing Path Medical was led by Partners Rachel Goodman and Kevin Shuler and included Partners Mark Wolfson and Michael Matthews, Senior Counsel Maureen Stewart, and Associate Matthew Deegan.
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