Center City Healthcare, LLC

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Case Number:

1:19-bk-11466

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Pennsylvania Department of Revenue

Sectors & Industries:

September 05, 2019
Philly Hospital's $55M Doctor-Program Sale Approved

The proposed $55 million sale of doctor-training programs by bankrupt hospital operator Center City Healthcare LLC received court approval Thursday in Delaware, where a judge overruled the strong objections of the federal government.
September 04, 2019
Hospital Owner Says Training Program Sale Needs To Happen

The owner of a pair of Philadelphia hospitals told a Delaware bankruptcy judge Wednesday its proposed sale of doctor training programs is not barred by federal law and needs to be approved to provide a needed influx of cash into the debtors' estates.
August 29, 2019
Bankrupt Philly Hospital Owner Says Sale Complies With Law

The bankrupt owner and operator of a pair of Philadelphia hospitals said Thursday in Delaware that its proposed sale of resident doctor training programs complies with federal laws, adding that an objection from the federal government should be overruled at next week's sale hearing.
August 21, 2019
Increased DIP Cash Rescues Philly Hospitals' Ch. 11 Case

Concessions from unsecured creditors and post-petition lenders helped rescue the troubled debtor-in-possession financing being sought by Philadelphia hospital operator Center City Healthcare LLC on Wednesday, providing additional cash for the debtor to pursue its Chapter 11 goals.
August 20, 2019
Philly Hospital Ch. 11 Case In Danger As Judge Questions DIP

The future of a Philadelphia children's hospital was thrown into limbo Tuesday when a Delaware bankruptcy judge said he could not approve a $65 million post-petition loan as proposed, prompting the hospital's operator to begin last-ditch efforts to reach a new deal with its lenders.
August 19, 2019
Philly Hospital Ch. 11 Progress Threatened By DIP Dispute

Attorneys for bankrupt hospital operator Center City Healthcare LLC said Monday in Delaware that the debtor has achieved a "case altering" milestone with a $55 million bid for its doctor training program assets, but said disputes over unpaid bills for services and leases could derail that progress.
August 15, 2019
Billing Co. For Bankrupt Hospital Says Pay Us Or We Want Out

Tenet Healthcare warned Thursday that Philadelphia's Center City Healthcare's Chapter 11 could reach a "critical crossroads" Monday if a scheduled argument goes forward over Tenet's demand for payment of more than $3 million for underfunded billing and patient processing costs as a condition for staying on the job.
August 09, 2019
Top Hospitals' $55M Joint Bid Wins Hahnemann Ch. 11 Sale

A consortium of Philadelphia and Delaware academic health care programs, including Temple and Jefferson Health, said Friday it had won a Delaware Bankruptcy Court auction for a physicians' residency program affiliated with Hahnemann University Hospital, with some close to the deal pegging the offer at $55 million.
August 06, 2019
Creditors Say Ch. 11 Loan Shorts Philly Hospital Patients

Unsecured creditors told the Delaware bankruptcy court Tuesday that post-petition financing proposed by the bankrupt operator of two Philadelphia hospitals offers too many lender protections and not enough assurance that patient care costs will be covered during its Chapter 11.
August 02, 2019
Creditors Flag Proposed Hires In Philly Hospitals' Ch. 11

Unsecured creditors told the Delaware bankruptcy court Friday the bankrupt operator of two Philadelphia hospitals should not be able to hire a financial services firm and interim chief financial officer it wants to retain in its Chapter 11 because their services may not be needed and they may have conflicts of interest.