Gibbins Advisors receives award for Healthcare/Life Sciences Deal of the Year (under $1B) (2025)
April 2, 2025
Gibbins Advisors was honored to receive the The M&A Advisor Award for Healthcare/Life Sciences Deal of the Year (under $1B) for the Chapter 11 Restructuring of skilled nursing provider in Iowa, Tabor Manor Care Center, together with our esteemed partners, Jeffrey D. Goetz of Dickinson, Bradshaw, Fowler & Hagen, P.C. as Debtor counsel and Jeanne M. Goche, MA, JD as Patient Care Ombudsman.
The engagement was led by Ronald Winters and supported by Tyler Brasher and Isabelle Premkumar.
It was a small case but one that we are proud of. Tabor Manor needed a restructuring plan that would secure its short-term stability and long-term viability. Under the approved Plan of Reorganization, the Company achieved:
- Extension on the material QAAF obligation owed to the state, to be paid over 10 years instead of 18 months.
- Extension on repayment of the secured loan, which was already past the original maturity date, to be repaid over a further 11.5 years.
- Payment of many unsecured creditors.
- Facility remains open, jobs preserved in the small Iowa town, and owners retained their equity interest.
For more information, download a copy of our case study or contact Ronald Winters at rwinters@gibbinsadvisors.com.
