January 08, 2026
Center City Healthcare, the former operator of two Philadelphia hospitals, received court approval Thursday to send its liquidation plan to a creditor vote, more than six years after it filed for Chapter 11 protection in Delaware.
December 03, 2025
The bankrupt owner of two Philadelphia hospitals filed a Chapter 11 plan disclosure statement in Delaware bankruptcy court describing its plan to liquidate its remaining assets after selling St. Christopher's Hospital for Children and buildings of the former Hahnemann University Hospital.
November 22, 2024
Troubled nursing home operator聽Petersen Health Care reached a settlement with the former owner of one of its properties, a Chapter 11 examiner urged mediation in the bankruptcy of New York hedge fund Weiss Multi-Strategy Advisers and the liquidating trust for Residential Capital LLC was given a two-year extension to continue insurance coverage litigation.
March 25, 2024
The owner of Philadelphia's former Hahnemann University Hospital asked a Delaware bankruptcy judge on Monday to authorize one of its affiliated debtors聽to make a $2.8 million supplemental loan to the nonbankrupt owner of the hospital's real estate.
August 10, 2022
Endo Pharmaceuticals said it is close to filing for bankruptcy over its opioid liability, Revlon shareholders want representation in its Chapter 11 case, and a North Carolina judge said sanctions worked on asbestos claimants in the Bestwall bankruptcy. This is the week in bankruptcy.
August 08, 2022
The former owner of two Philadelphia hospitals proposed a settlement Monday in Delaware bankruptcy court that would resolve a long-running dispute with entities that own the real estate upon which the facilities sit.
April 13, 2022
Center City Healthcare and two affiliates sued creditors聽Medtronic USA Inc. and affiliate Medtronic Xomed Inc. in Delaware on Wednesday in an attempt to claw back no less than $1.37 million in payments made within the 90-day period before they filed for聽bankruptcy.聽
December 21, 2021
The former owner of a bankrupt Philadelphia hospital whose efforts to borrow $17.5 million against the empty property were thwarted by a Delaware bankruptcy judge earlier this month has appealed the ruling to district court.
July 22, 2021
Attorneys for the former owner of two Philadelphia hospitals told a Delaware bankruptcy judge on Thursday that it had reached a standstill agreement with its owner over disputes involving corporate governance actions while the parties pursue mediation of their issues.
June 30, 2021
The former owner of two Philadelphia hospitals told a Delaware bankruptcy judge Wednesday that the controlling interest holder of the debtor took control of the enterprise this week in retaliation for the debtor filing an adversary suit against him and related entities.