A bankrupt operator of senior living facilities in three states agreed to sell itself in a private deal for $57.5 million to Nexus Capital XIII LLC, scrapping a prior $41 million deal it made with Cascasis LLC.
Nexus has agreed to purchase the business out of the Chapter 11 bankruptcy for Nashville Senior Care LLC, according to a filing Monday in the US Bankruptcy Court for the Middle District of Tennessee. The deal includes the assumption of additional liabilities.
Nashville Senior Care, which filed for bankruptcy in August with a stalking horse bid from Cascasis, operates five senior living facilities ...
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