A multidisciplinary team of lawyers across the nation from Dentons won the 2019 Restructuring Deal of the Year (US$100 million to US$250 million) in the 14th Annual M&A Advisor Turnaround Awards, for their work on the second largest hospital bankruptcy filing in history.

The Dentons team, led by Restructuring, Insolvency and Bankruptcy partners Samuel Maizel and Tania Moyron along with partners Claude Montgomery and Sam Alberts won for the complex US$235 million sale of two California hospitals in the Verity Health System of California, Inc. bankruptcy cases.

Their efforts helped keep the hospitals open, saving thousands of jobs and ensuring critical access to health care in underserved communities. The two hospitals, located in and around San Jose, Calif., were purchased by Santa Clara County and folded into the county’s health care system.

“They earned these honors by standing out in a group of very impressive candidates,” Roger Aguinaldo, founder of The M&A Advisor trade publication said in a press release. “In an environment that is increasingly demanding of its professionals, we are recognizing the leading transactions, firms and individuals that represent the highest levels of performance.”