Monroe Hospital LLC sold its 32-bed acute-care surgical hospital in Bloomington, Ind., on Dec. 31 to an affiliate of Prime Healthcare Services Inc. and got court approval Feb. 19 of its Chapter 11 plan of liquidation (In re Monroe Hospital LLC, Bankr. S.D. Ind., plan confirmed 2/19/15).
The sale to Prime provided “valuable and significant” consideration to fund the liquidation under the plan, which contemplates recoveries for general unsecured creditors, Monroe Hospital said 26 BBLR 1496, 10/30/14. That recovery is unknown, according to the disclosure statement.
A bankruptcy judge in Indianapolis signed a confirmation order Feb. 19 approving the plan. ...
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