1. Home
  2. |Professionals
  3. |Stephanie Marcantonio

Stephanie Marcantonio

Partner

Overview

Stephanie Marcantonio is a partner in Crowell & Moring’s New York office and serves as a member of the firm’s Corporate Steering Committee. Stephanie regularly advises public and private companies, including government contractors, health care systems, tax-exempt entities, and religious organizations on a wide array of corporate transactional and governance matters. Her practice includes representing healthcare systems in connection with transformative transactions, including divestitures, mergers, affiliations and joint ventures, many of which also involved the conveyancing of real estate as a significant component of the transaction. She also represents lenders and borrowers in health care financings, and has acted as regulatory counsel to lenders such as Credit Suisse, Deutsche Bank, J.P. Morgan, and Morgan Stanley in connection with numerous nine- and 10-figure financings of nursing facilities, assisted-living facilities, and other health care providers, and the related securitizations.

Stephanie often serves as outside general counsel to clients, assisting them on a variety of commercial matters including financing transactions, risk management, and corporate governance. Stephanie was recognized as a “Next Generation Lawyer” by The Legal 500 U.S. in 2018 for nonprofit and tax-exempt organizations and as a “Rising Star” by New York Super Lawyers from 2012 to 2017 and as a Super Lawyer from 2019 to 2022 for health care, nonprofit, and corporate governance and compliance. Since 2020, Chambers USA has recognized Stephanie for her work in Healthcare in New York.

During law school, Stephanie was the executive productions editor of the Pace Law Review.

She is admitted to practice in the state of New York.

Stephanie serves as an attorney mentor through NJ LEEP (Law and Educational Empowerment Project) to high school students in the Newark, NJ area, and as the chairperson of the board of directors for Support Our Aging Religious, a nonprofit organization that provides grants to help religious congregations care for their elderly and infirm members.

Career & Education

|
    • Villanova University, B.S.B.A., 1999
    • Pace University School of Law, J.D., summa cum laude, 2004
    • Villanova University, B.S.B.A., 1999
    • Pace University School of Law, J.D., summa cum laude, 2004
    • New York
    • New York
  • Professional Activities and Memberships

    • Chairperson, Board, Support Our Aging Religious (SOAR!)

    Professional Activities and Memberships

    • Chairperson, Board, Support Our Aging Religious (SOAR!)

Stephanie's Insights

Client Alert | 8 min read | 09.08.23

CMS Proposes Minimum Staffing Requirements and Enhanced Facility Assessments for Nursing Homes

On September 1, 2023, the U.S. Department of Health and Human Services, through the Centers for Medicare & Medicaid Services (“CMS”) issued a much anticipated and contested proposed rule that seeks to establish minimum staffing level requirements for nursing homes.  The proposed rule represents the first time the federal government has proposed comprehensive nationwide nursing home staffing requirements, although various states have already enacted their own staffing requirements....

Representative Matters

Acquisitions, Divestitures, and Affiliations

  • Robin Hill Farm, Inc., a New Hampshire provider of rehabilitation services for acquired brain injuries, to national healthcare provider, BrightSpring Health Services, a KKR portfolio company, and the sale of the underlying real estate to Scioto Properties, a REIT specializing in healthcare properties. 
  • A provider of residential brain injury rehabilitation services in Georgia in the sale of the business to national healthcare provider, Collage Rehabilitation Partners, a Baird Capital portfolio company. 
  • Pate Rehabilitation Endeavors, LLC, a Texas provider of rehabilitation services for acquired brain injuries, to national healthcare provider, BrightSpring Health Services, a KKR portfolio company, and the sale of the underlying real estate to Scioto Properties, a REIT specializing in healthcare properties. 
  • DXC Technology in connection with the divestiture of its healthcare technology business to private equity firm Veritas Capital. 
  • Humana Inc. in its acquisition of Enclara Healthcare, one of the nation’s largest hospice pharmacy and benefit management providers, from Consonance Capital Partners. 
  • A Fortune 100 company in connection with its proposed acquisition of a specialty pharmacy business. 
  • A Fortune 100 company in connection with its divestiture of a retail footwear business. 
  • A national senior housing provider in connection with its divestiture of its managed care plan. 
  • New Mexico Health Connections in the sale of its commercial health insurance business to Evolent Health. 
  • Bon Secours Health System affiliates Frances Schervier Home and Hospital and Schervier Apartments in the sale of a nonprofit skilled nursing facility and an affordable housing apartment building located in the Bronx, N.Y. 
  • Field Home-Holy Comforter and Catharine Field Home in the sale of a nonprofit skilled nursing facility and licensed home care services agency and a nonprofit assisted living facility in Westchester County, N.Y. 
  • CenterLight Health System affiliates Beth Abraham Health Services and Schnurmacher Center for Rehabilitation and Nursing in the sale of two nonprofit skilled nursing facilities in the Bronx, N.Y. and Westchester, N.Y. 
  • Metropolitan Jewish Health System (MJHS) in its affiliation with Isabella Geriatric Center, Inc., a nonprofit long-term care provider in Manhattan, N.Y. 
  • MJHS in the sale of the stock of SafePath Benefits, a healthcare insurance brokerage business, to Ritter Insurance Marketing. 
  • MJHS affiliate M.J.G. Nursing Home Company in the sale of a nonprofit skilled nursing facility in Brooklyn, N.Y. 
  • MJHS affiliate Shorefront Jewish Geriatric Center in the sale of a nonprofit skilled nursing facility in Brooklyn, N.Y. 
  • Marcus Garvey Residential Rehab Pavilion in the sale of a nonprofit skilled nursing facility in Brooklyn, N.Y. 
  • Atlantis Rehabilitation and Residential Health Care Facility and an affiliate in the sale of a 400-bed skilled nursing facility in the Fort Greene section of Brooklyn, N.Y. 
  • Aging in America affiliates Morningside House Nursing Home Company and Morningside at Home in the sale of a nonprofit skilled nursing facility, a long-term home health care program, an adult day program and a licensed home care services agency in the Bronx, N.Y. 
  • Burke Rehabilitation Hospital, an acute rehabilitation hospital in Westchester County, N.Y., in its affiliation with Montefiore Health System and the related separation of the Burke Foundation and Burke Medical Research Institute. 
  • Lighthouse International, a leading nonprofit organization dedicated to fighting vision loss, in an affiliation with The Jewish Guild for the Blind. 
  • Elizabeth Seton Pediatric Center, a New York pediatric long-term care system, in the sale of its long-term home health care program. 
  • MJHS in its acquisition of the Jacob Perlow Hospice from Continuum Health Partners, including with respect to its contracts with more than two dozen nursing homes and other facilities, its 18-bed inpatient hospice and palliative care unit at Beth Israel Medical Center, and its hospice residence in Riverdale, N.Y. 
  • Morningside at Home in its sale of an assisted living program in the Bronx, N.Y. 
  • River Valley Care Center in the sale of a skilled nursing facility in Poughkeepsie, N.Y. to an established for-profit nursing home operator, and an affiliate in the lease of the underlying real estate to the buyer. 

Financings and Securitizations

  • Acted as regulatory counsel to lender in a $782 million mortgage and mezzanine financing (with two layers of mezzanine debt) secured by 64 skilled nursing facilities operated by Genesis HealthCare in eight states throughout the United States, and in the related securitization. 
  • Acted as regulatory counsel to lender in a $1.05 billion mortgage and mezzanine financing (with three layers of mezzanine debt) to refinance existing debt on a portfolio of 154 skilled nursing facilities operated by Sava SeniorCare in 20 states throughout the United States, and in the related securitization.
  • Acted as regulatory counsel to lender in a $940 million mortgage and mezzanine financing (with three layers of mezzanine debt) to refinance existing debt on a portfolio of 167 skilled nursing facilities operated by Sava SeniorCare in 19 states throughout the United States, and in the related securitization.
  • Acted as regulatory counsel to lender in a $916 million mortgage and mezzanine financing secured by approximately 200 health care properties, including a master lease structure, accounts receivable financing and intercreditor arrangements, in connection with the buyout of Mariner Health Care. 
  • Acted as regulatory counsel to lender in a $250 million mortgage loan secured by 71 assisted living facilities and eight congregate care facilities located in 15 states throughout the United States in connection with the acquisition of Assisted Living Concepts by TPG Capital, which implemented an opco/propco master lease structure, and in the related securitization. 
  • Acted as regulatory counsel to lenders in a $4.6 billion mortgage and mezzanine loan secured by approximately 375 health care facilities in connection with The Carlyle Group’s leveraged buyout of ManorCare, and in the related securitization. 
  • Acted as regulatory counsel to lender in a $1.4 billion mortgage and mezzanine financing secured by approximately 260 health care facilities in connection with the buyout of Beverly Enterprises, and in the related securitization. 
  • Acted as regulatory counsel to lender in a $52 million financing for the acquisition of four assisted living facilities. 
  • Acted as regulatory counsel to lender in a $10 million financing to Lynmoore One Real Estate for the acquisition of one skilled nursing facility. 
  • Acted as regulatory counsel to lender in a $7 million financing for the acquisition of five skilled nursing facilities. 
  • Acted as regulatory counsel to lender in a $90 million financing for Extendicare Health Services and certain affiliates to refinance existing debt on a portfolio of 14 skilled nursing facilities. 
  • Acted as regulatory counsel to lender in a $53.5 million financing for the acquisition of 10 skilled nursing facilities. 
  • Acted as regulatory counsel to lender in a $35 million refinancing of existing debt on a portfolio of six skilled nursing facilities. 
  • Acted as regulatory counsel to lender in the substitution of a skilled nursing facility property in a pool of properties securing a loan from Lehman Brothers to certain affiliates of Extendicare Health Services.
  • Acted as regulatory counsel to lender in the securitization of a $325 million mortgage loan secured by 29 assisted living properties.
  • Acted as regulatory counsel in connection with the securitization of: 
    • A $65 million pool of mortgage loans secured by the 27 assisted living and independent living properties. 
    • A $58 million pool of mortgage loans secured by 17 assisted living and independent living facility properties. 
    • An $841 million pool of mortgage loans secured by 59 assisted living, independent living, memory care, and skilled nursing properties. 
    • A $603 million pool of mortgage loans secured by 52 assisted living, independent living, and memory care properties. 
    • A $1.4 billion pool of mortgage loans secured by 96 assisted living and independent living facility properties. 
    • A $519 million pool of mortgage loans secured by 42 assisted living, independent living, and memory care properties. 
    • A $418 million pool of mortgage loans secured by 28 independent living properties.

Stephanie's Insights

Client Alert | 8 min read | 09.08.23

CMS Proposes Minimum Staffing Requirements and Enhanced Facility Assessments for Nursing Homes

On September 1, 2023, the U.S. Department of Health and Human Services, through the Centers for Medicare & Medicaid Services (“CMS”) issued a much anticipated and contested proposed rule that seeks to establish minimum staffing level requirements for nursing homes.  The proposed rule represents the first time the federal government has proposed comprehensive nationwide nursing home staffing requirements, although various states have already enacted their own staffing requirements....

Recognition

  • Chambers USA: Band 5, Health Care, New York, 2019-2023
  • The Best Lawyers in America: Health Care Law, 2021-2023
  • Super Lawyers: Health Care, Nonprofit, and Corporate Governance and Compliance, 2019-2022
  • The Legal 500 U.S.: Next Generation Lawyer, 2018
  • New York Super Lawyers: Rising Star, 2012-2017

Stephanie's Insights

Client Alert | 8 min read | 09.08.23

CMS Proposes Minimum Staffing Requirements and Enhanced Facility Assessments for Nursing Homes

On September 1, 2023, the U.S. Department of Health and Human Services, through the Centers for Medicare & Medicaid Services (“CMS”) issued a much anticipated and contested proposed rule that seeks to establish minimum staffing level requirements for nursing homes.  The proposed rule represents the first time the federal government has proposed comprehensive nationwide nursing home staffing requirements, although various states have already enacted their own staffing requirements....

|

Stephanie's Insights

Client Alert | 8 min read | 09.08.23

CMS Proposes Minimum Staffing Requirements and Enhanced Facility Assessments for Nursing Homes

On September 1, 2023, the U.S. Department of Health and Human Services, through the Centers for Medicare & Medicaid Services (“CMS”) issued a much anticipated and contested proposed rule that seeks to establish minimum staffing level requirements for nursing homes.  The proposed rule represents the first time the federal government has proposed comprehensive nationwide nursing home staffing requirements, although various states have already enacted their own staffing requirements....