Judge clears way for new Petersen Health financing as bankruptcy advances
By
Kimberly Marselas
Josh Henreckson
May 16, 2024
Petersen Health Care can borrow $45 million while in Chapter 11 bankruptcy to maintain operations at its nursing homes and make the properties more appealing to potential buyers, a federal bankruptcy judge...
Massive CCRC agrees to $115M bankruptcy deal
By
Kimberly Marselas
Oct 31, 2023
A nearly 50-year-old CCRC that has become one of the largest in the nation would become a for-profit provider under the reported terms of a recent bankruptcy auction.