Bankruptcy Law News

Northwest Nursing Care Facilities File for Bankruptcy

Nov. 25, 2019, 7:29 PM

A group of skilled nursing facilities that provide care to more than 1,000 residents in the Pacific Northwest filed to reorganize in bankruptcy with about $30 million of debt.

The 14 nursing facilities and one assisted living center in Oregon, Washington and Idaho are managed by Cornerstone Healthcare Services LLC, which intends to use Chapter 11 to address debt and leasing issues and emerge as a reorganized business, according to Nov. 24 filings at the U.S. Bankruptcy Court for the Western District of Washington.

PNW Healthcare Holdings LLC, one of the debtors, is the parent company of the bankrupt facilities....

To read the full article log in. To learn more about a subscription click here.