Petersen Health Care Gets OK To Sell Nursing Homes In Ch. 11

By Alex Wittenberg · July 10, 2024, 7:40 PM EDT

Petersen Health Care won a Delaware bankruptcy judge's approval on Wednesday to sell most of its nursing homes after selecting four bidders at an auction earlier this month, defeating or resolving...

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Bankruptcy Scorecard

Summary

Assisted living facility operator Petersen Health Care Inc. and more than 100 affiliates filed for Chapter 11 protection citing rising costs after the COVID-19 pandemic, cyberattacks and a general shift away from nursing homes.

Case Number

24-bk-10563

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$296 million

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Documents

Related Sections

Case Information

Case Title

SC Healthcare Holding, LLC

Case Number

1:24-bk-10443

Court

Delaware

Nature of Suit

Date Filed

March 20, 2024

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