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Quorum Health Files for Chapter 11 in Delaware

April 7, 2020, 11:15 AM

Quorum Health filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware with a pre-packaged plan to cut debt by about $500m.

  • Quorum Health and its hospitals are unaffected and all facilities are open
  • Has received commitment for DIP financing consisting of $100 million from certain of its existing noteholders
  • Also received a $200 million equity commitment from certain noteholders
  • NOTE: April 3, Quorum’s 24 Hospitals Face Bankruptcy Amid Covid-19 Pressure (2)

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To contact the reporter on this story:
Yueqi Yang in New York at yyang492@bloomberg.net

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