Christian Care Centers Inc., which operates three senior-living campuses in the Dallas-area and has about $50 million of municipal bond debt, filed for bankruptcy.
- Christian Care has 760 units at its campuses in Allen, Fort Worth and Mesquite, Texas
- Christian Care listed estimated assets and liabilities of $50m to $100m
- Boncrest Resource Group of Atlanta will assume operations of the communities
- Debtor has lined up North Texas Benevolent Holdings, LLC as a stalking horse bidder to purchase the facilities for $44.3m
- Covid-19 caused decline in revenue at the operator, whose finances were pressured even before the pandemic: filing
- Facilities also ...
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