Florham Park partner and vice chair of the Corporate Restructuring Practice group Bob Malone and partner Rob McCann of the Health Care Practice group were both recently quoted in a NJ Spotlight article titled, “How Will Sale of Saint Michael’s Transform Healthcare in Newark?” The article discussed the scheduled sale of Newark’s Saint Michael’s Medical Center and its effects on the city’s health care, as well as financial options for the now-bankrupt institute.

Bob explained a special provision in the Bankruptcy Code that allows for the best offer to be accepted, rather than the highest offer, which will be relevant should a sale of the hospital be pushed through.

Rob explained why the many factors in the case would complicate a decision by the Federal Trade Commission should the state’s largest hospital system also pursue a bid.

Read: How Will Sale of Saint Michael’s Transform Healthcare in Newark?