Bankrupt Nursing Chain QHC Facilities Seeks Buyer as Cash Wanes

Advisers for QHC Facilities LLC are racing to find a new owner for the bankrupt nursing-home chain as two of the facilities face losing their Medicare payments in coming weeks and rising expenses deplete cash.

“Facility and care concern issues” continue and are “significant and material,” U.S. Trustee representative L. Ashley Wieck said during a Wednesday status hearing.

QHC filed for bankruptcy late last month, citing “crippling staffing and employee retention issues” from the pandemic and upheaval from the death of its co-founder in June. Since then, Chief Executive Officer Nancy Voyna has died and the U.S. Trustee has pushed ...