Mintz attorneys Ian Hammel and Eric Blythe received a "Turnaround of the Year" award from the Minnesota Chapter of the Turnaround Management Association (TMA).
Hammel and Blythe were recognized for their work representing bondholders for a Minnesota residential adolescent health facility, Cambia Hills of East Bethel. The bondholders provided funding to acquire and construct the facility, and Mintz was retained when the original operator failed the facility close. Culminating a multiyear workout, the sale transaction that was the basis for the award returned the facility to service to the community while providing bondholders a recovery on their original investment.
TMA is a global association of professionals who specialize in corporate renewal, turnaround, and distressed investing.
Additional information about the award is available here.