Baker Tilly leads rehabilitation clinic in Bad Reichenhall out of insolvency

In the insolvency proceedings of Reha-Klinik Prinzregent Luitpold Bad Reichenhall GmbH, the international consulting and auditing firm Baker Tilly has reached an important milestone: Insolvency administrator Dr. Alexander Fridgen and his team have succeeded in selling the business operations of the rehabilitation facility specializing in psychosomatics as part of an asset deal. 

The new owner of the rehabilitation clinic – a private hospital operator in Germany that runs several healthcare facilities – is taking over business operations, including existing employment contracts, treatment agreements, and patient contracts. 

Insolvency administrator Dr. Alexander Fridgen, attorney-at-law and partner at Baker Tilly, says: "With around 100 beds, the rehabilitation clinic is an important provider of psychosomatic rehabilitation services, both in the region and beyond. The transaction is an important step forward, also for the creditors. In addition, the approximately 90 employees in medical services, nursing, therapy, and the service area now can look forward to a secure future." 

On April 1, 2025, the competent local court in Traunstein opened insolvency proceedings against the assets of Reha-Klinik Prinzregent Luitpold Bad Reichenhall GmbH. 

Subject to approval by the creditors' meeting, the transfer will be completed at the beginning of January. 

In addition to Dr. Alexander Fridgen, Dr. Andreas Fröhlich (partner, head of corporate finance), Till Werner (senior manager, M&A/corporate law), and Jochen Erhardt (manager, insolvency law) from Baker Tilly were also involved in the successful asset deal.