Bobby is a deal lawyer who leads
companies through financial distress to find successful outcomes, and who helps
funds and companies acquire distressed opportunities. He is the author of "Distress to
Success: A Survival Handbook for Struggling Companies and Buyers of Distressed
Opportunities" (FreneticMarket Press, 2011). He is a member at
Frost Brown Todd based in the firm’s Nashville office, and commutes to
engagements across the country.
Bobby’s work includes both transactions
-- such as acquisitions, sales, refinancings, restructurings, and
re-equitizations – and litigation – such as in-court restructurings and Chapter
11. He is recognized in The
Best Lawyers in America®
(Woodward White, Inc.) and Mid-South
and is the recipient of the 2010 “Turnaround of the Year” Award from the
Atlanta Turnaround Management Association for his work in the restructuring and
sale of Cosmolab, Inc.
While his experience spans many
industries, his passion is healthcare. He recently led the successful
restructuring of more than $200 million in debt for a private-equity-backed
senior living company on the west coast, preventing a default and allowing the
company time to carry out strategic asset sales to return to profitability. He
also represented private equity and venture funds in the acquisitions of New
Day Pharmacy and S&B Surgery Centers. In 2010, he acted as lead borrower’s
counsel in the Chapter 11 filing of an FDA-regulated cosmetics manufacturer in
Delaware, the epicenter of much of the Chapter 11 activity in the US. Other recent engagements as borrower’s counsel in
healthcare matters include the Chapter 11 proceedings of health provider Sumner
Regional Health Systems ($185 million in debt), and numerous affiliates of
Sunwest Management, the fourth-largest senior living company in the United
States ($75 million in affiliate debt). He is the co-chair of the American
Bankruptcy Institute Health Care Committee, and an editor of the ABI’s upcoming
Healthcare Insolvency Manual (3d edition).
Outside of healthcare, Bobby has
represented manufacturer Dippin’ Dots, Inc. as lead counsel in its Chapter 11
proceedings, as well as representing private equity funds in the acquisitions
of Santa Fe Cattle Company Restaurants and Nationwide Beverage Bottling
Company, among others. In the bankruptcy proceedings of Kmart Corp., he
represented the largest unsecured creditors holding more than $1.4 billion in
bond debt, and in the bankruptcy of auto-industry manufacturer Imagepoint, he
represented the Official Committee of Unsecured Creditors.
Bobby is trained as a professional
negotiator. He is also a frequent speaker and author on distressed investing
and healthcare-related topics. He has been published in The Deal, HealthLeaders, The
Distressed Debt Report, The Journal of Corporate Renewal, Mergers &
Acquisitions, and HFM,
among other publications. He is board certified in Business Bankruptcy Law by
the American Board of Certification.
Prior to joining Frost Brown Todd, Bobby
was a partner at Waller Lansden Dortch & Davis. Additionally, he was a Law
Clerk to the Honorable Julia S. Gibbons, Chief Judge of the Federal District
Court for the Western District of Tennessee at Memphis (currently on the Sixth
Circuit Court of Appeals) from 1994 to 1995.
from being a lawyer, Bobby owns his own music publishing company and has worked
as a songwriter and studio guitarist. He is a member of the American Society of
Composers, Authors, and Publishers (ASCAP).