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 ruled Tuesday.
U.S. Bankruptcy Court Judge Thomas Horan agreed with the company that the money is needed to keep Petersen's nursing homes operational and minimize disruptions to residents, vendors, and employees.
Creditor dispute holds up major nursing home bankruptcy sale mcknights.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcknights.com Daily Mail and Mail on Sunday newspapers.
Petersen's sale of nursing homes hits a snag as creditor objects to bankruptcy process wglt.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wglt.org Daily Mail and Mail on Sunday newspapers.