Fairmont General Hospital Inc., a 207-bed acute-care facility sold last year, won approval of a liquidating plan proposed jointly with the official creditors’ committee (In re Fairmont General Hospital Inc., Bankr. N.D. W.Va., 13-01054, plan confirmed 4/24/15).
The bankruptcy court’s April 24 plan-approval order also blessed the adequacy of explanatory disclosure materials used to solicit votes. All classes of creditors entitled to vote accepted the plan by the requisite majorities.
Sale of the Fairmont, W. Va.-based facility to Alecto Healthcare Services Fairmont LLC for an initial $15 million was completed in September. Sale proceeds were used in ...
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