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Configure Partners Announces Sale of Certain Assets of CMC II

March 09, 2022, 07:00 AM
Filed Under: Industry News

Configure Partners announced its role as financial advisor to CMC II, LLC, for the sale of litigation assets. CMC is a management company for affiliated operators of skilled nursing facilities (“SNFs”), which served ~14,000 residents before the COVID-19 pandemic. Configure and the law firm of McDonald Hopkins, LLC together, acted as the investment banker in connection with the sale of specific litigation claims of CMC and certain affiliates. Configure and McDonald Hopkins ran an extensive sale process to secure qualified bids in excess of the stalking horse bid provided by non-debtor affiliate CPSTN Operations, LLC.

Joseph Weissglass, a Managing Director at Configure, commented, “Configure’s M&A practice excels in positioning complex opportunities in the right way, engaging in diligence with our clients and leveraging deep industry expertise to drive the best possible outcome. In this engagement, we not only leveraged the team’s experience in healthcare, particularly post-acute care, but we also partnered with the law firm McDonald Hopkins to fully understand the potential claims and potential damages.”

 

 







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