Petersen Health Gets Final OK For $45M Ch. 11 Financing

By Rick Archer · May 14, 2024, 2:10 PM EDT

A Delaware bankruptcy judge Tuesday gave Petersen Health Care final permission to tap into $45 million in Chapter 11 financing after the senior living chain said it had settled almost all...

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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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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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