Solution in sight for all facilities of Caritas Hamburg GmbH

August 20, 2014 ... Hamburg – A solution is emerging for all the facilities of Caritas Hamburg-Wohnen & Soziale Dienstleistungen GmbH (“Caritas Hamburg GmbH”). As disclosed today by Dr. Sven-Holger Undritz, Partner at White & Case Insolvenz GbR and insolvency administrator, negotiations with investors have not yet been finalized but are on the right track. For example, Haus Hildegard in Rothenburgsort will be taken over by a subsidiary of the Pflegewerk Group from Berlin. For the remaining five centers, an alliance has been formed to continue their operation between the Caritas Association in Hamburg (Caritasverband für Hamburg e.V.) and the German Association of the Order of Malta (Malteser Deutschland gGmbH). The running of the vocational school of nursing (Berufsschule Pflege) in Hamburg-Eimsbüttel has already been transferred to the Senator Group as of August 1, 2014.

On March 11, 2014, Caritas Hamburg GmbH filed for insolvency with Hamburg magistrates court due to overindebtedness. The court designated Dr. Sven-Holger Undritz as insolvency administrator on June 1, 2014. In addition to the nursing school, five nursing facilities in Hamburg with 445 places were affected as well as the Westfalenhaus Mother and Child Hospital in Timmendorfer Strand with around 100 places that also belongs to the company. The creditors’ meeting agreed to the insolvency administrator’s restructuring concept on August 20, 2014 and instructed him to develop a corresponding insolvency plan. “I expect negotiations to be finalized in the coming weeks,” said Dr. Sven-Holger Undritz. “This would be an excellent result both for the employees of Caritas GmbH and for the company’s creditors.” The Caritas Association in Hamburg, which pledged its support for the employees and residents of the facilities from the start, was satisfied with the result so far. White & Case Partner Dr. Sven-Holger Undritz is supported by Local Partner Dr. Ellen Meyer-Sommer and Associate Nina-Sophie Lwowski (all Insolvency), Partner Patrick Narr and Local Partner Dr. Florian Kleinschmit (both M&A/Corporate) as well as Local Partner Hendrik Röger (Labor Law). Dr. Undritz was supported in the search for investors by Rasenberger Toschek AG, Switzerland.