New Delaware Chapter 11 Filing – Hospital Acquisition LLC, et al. (LifeCare Health Partners)
Hospital Acquisition LLC, along with twenty-five affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Code for the District of Delaware (Lead Case No. 19-10998). The Debtors, headquartered in Plano, TX, collectively operate seventeen long-term acute care facilities in nine states. The First Day Declaration explains that the Debtors enter chapter 11 having begun a prepetition marketing process and enter chapter 11 intending to sell substantially all of their assets under section 363 of the Bankruptcy Code, and anticipate selecting a stalking horse purchaser no later than July 15, 2019. Prime Clerk is the proposed claims and noticing agent. The cases have been assigned to the Honorable Brendan Linehan Shannon.
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