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Specialty Hospital Of America Enters Ch.11 With Sale Plan

By Stephanie Russell-Kraft ( May 22, 2014, 3:13 PM EDT) -- Specialty Hospitals of America LLC filed for Chapter 11 protection in New York bankruptcy court on Wednesday, announcing its plans to sell all of its assets in exchange for a $15 million debtor-in-possession loan from Silver Point Capital, which will allow it to continue operating through the bankruptcy process....

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