Gulf Coast Health Care, LLC

  1. March 04, 2022

    Gulf Coast Wins Ch. 11 Disclosure OK Following Settlement

    Bankrupt nursing home chain Gulf Coast Health Care LLC got court approval Friday to send out disclosures about its Chapter 11 liquidation plan after overcoming objections from dissenting noteholders and reaching a global settlement with lenders, landlords and unsecured creditors.

  2. February 23, 2022

    US Says Gulf Coast Unclear On Fate Of Pandemic Payments

    The United States has objected to both Gulf Coast Health Care's Chapter 11 plan disclosures and its request to hand off one of its nursing homes to a new owner, saying Gulf Coast has been unclear about the fate of millions in COVID-19 relief funds it received.

  3. February 04, 2022

    Gulf Coast Asks To Hand Over One Of Last Facilities In Ch. 11

    Bankrupt nursing home operator Gulf Coast Health Care asked a Delaware bankruptcy judge Friday for permission to hand off one of its last leased facilities to a publicly operated hospital authority at the beginning of next month.

  4. November 24, 2021

    Gulf Coast Defuses Ch. 11 Loan, Site Management Disputes

    Bankrupt Gulf Coast Health Care reached agreements Wednesday on amendments to a proposed $25 million case financing loan and management change agreement for 24 of the nursing home chain's sites in Florida and Mississippi, after two days of wrangling over insider benefits and creditor claim restrictions.

  5. November 23, 2021

    Gulf Coast Pressed On Lack Of Sale Push Before Ch. 11 Filing

    A Delaware bankruptcy judge on Tuesday quizzed the chief restructuring officer for bankrupt Gulf Coast Health Care on the absence of prepetition efforts to market the nursing home chain or secure an independent valuation of the hefty lease costs that helped drive it into Chapter 11.

  6. November 18, 2021

    Creditors, Agencies Say No To Gulf Coast Nursing Home Deal

    Creditors and government watchdogs are asking a Delaware bankruptcy judge to deny nursing home chain Gulf Coast Health Care's request to transfer 24 of its facilities to its landlord in a Chapter 11 deal, saying the homes should have been put on the market.

  7. November 04, 2021

    Gulf Coast Asks To Transfer Nursing Home Control In Ch. 11

    Bankrupt nursing home chain Gulf Coast Health Care asked a Delaware court late Wednesday for permission to offload its operational obligations for 24 of its facilities to a third party to help the company's Chapter 11 case wind down.

  8. October 15, 2021

    Nursing Home Chain Gets OK For $25M In Ch. 11 Financing

    A Delaware bankruptcy judge said she will sign off on a nursing home chain's $25 million Chapter 11 financing package from its primary landlord as buyers are sought for the company's 28 facilities in three states.

  9. October 14, 2021

    Nursing Home Chain Gulf Coast Health Care Hits Ch. 11

    Three-state nursing home chain Gulf Coast Health Care LLC and 64 affiliates sought Chapter 11 protection in Delaware on Thursday, citing pandemic-driven operating costs, "crippling" staff woes and plans for a management turnover triggered by a $217 million rent acceleration.