Avadim Health, a healthcare and wellness provider, completed a court-approved sale of substantially all its assets to a newly-created company owned by funds managed by Hayfin Capital Management following its Chapter 11 process.
Avadim Health agreed to sell its assets and filed voluntary petitions for protection under Chapter 11. Hayfin Capital Management, Avadim’s existing lender, entered into a binding stalking horse purchase agreement and committed to provide certain debtor-in-possession financing.
Bruce A. Bedwell joined Chapman and Cutler as a partner in the Corporate Department in Chicago. Previously, he served as a member of Paul Hastings’ Energy, Project Development & Finance and Corporate practices.