Deaconess Hospital, LLC

Deaconess Hospital, LLC was an acute care, community-based hospital located in the "Old Brooklyn" neighborhood on the near West Side of Cleveland, Ohio. Deaconess was a for-profit, independent hospital providing full medical services including inpatient and outpatient medical and surgical services. As a part of a plan of reorganization under §363 of the Chapter 11 Bankruptcy Code, Deaconess and its affiliates, Pearlview Square, Inc. and Indoga, Inc., were sold to The MetroHealth System, a 728-bed public teaching hospital long recognized, regionally and nationally, for excellence in providing comprehensive healthcare. MetroHealth provides inpatient, ambulatory and emergency services, and rehabilitation care to a diverse clinical population.

MelCap Partners successfully represented the Debtors in this sale to one of the most logical strategic buyers in the market. Dr. George Saad, President of Deaconess, said that, "MelCap's tenacity is what you want on your side when dealing with such a complex project. Their relentless pursuit for buyers, good communication with all involved, and staying the course culminated in the successful sale of the property."