Major German healthcare billing service provider files for insolvency
Billing service provider AvP Deutschland GmbH, advised by Heuking, has filed for insolvency at Düsseldorf Local Court. The crisis was caused by operational difficulties, which led to the financing partners losing trust in the company. In recent months, the company had already parted ways with a senior manager responsible for the division.
A team led by insolvency lawyer Dr. Johan Schneider advises AvP Deutschland GmbH and has initiated the company’s reorientation. On September 14, 2020, BaFin had appointed Mr. Ralf R. Bauer as special representative at AvP Deutschland GmbH, appointing him as the company’s sole manager. On September 15, 2020, he filed for AvP Deutschland GmbH’s insolvency at Düsseldorf Local Court.
Düsseldorf Local Court now appointed Dr. Jan-Philipp Hoos as provisional insolvency administrator.
AvP Deutschland GmbH assumes the billing of prescriptions from service providers, including pharmacies and hospital pharmacies, to health insurers throughout Germany. Counting some 3,500 customers and at an annual billing volume of around EUR 7 billion, AvP is one of Germany’s largest billing service providers.
Counsel to AvP Deutschland GmbH
Heuking Kühn Lüer Wojtek:
Dr. Johan Schneider (Lead, Reorganization), Hamburg
David Loszynski (Reorganization), Hamburg
Dr. André-M. Szesny, LL.M. (Lead, Compliance), Düsseldorf
Anna-Lena Glander (Compliance and White Collar), Düsseldorf
Dr. Götz G. Karrer (Corporate), Düsseldorf
Dr. Christoph Gringel, Andreas Wiencke (Capital Markets), Frankfurt
Dr. Oliver Treptow (Medical), Munich
