Cigna fights nursing homes’ pending sale, citing potential for broken agreements
By
Josh Henreckson
Jun 27, 2024
Cigna has filed a legal motion objecting to the sale of a group of nursing homes as part of Chapter 11 bankruptcy proceedings. The major insurer claims the sale would give the providers “carte blanche”...
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...
Creditor dispute holds up major nursing home bankruptcy sale
By
Josh Henreckson
Apr 29, 2024
Petersen Healthcare — operator of nearly 100 rural Midwest long-term care facilities — hit a snag last week in its plans to restructure and sell struggling facilities as part of a Chapter 11 bankruptcy.