Hospital Acquisition LLC, along with twenty-five affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Code for the District of Delaware (Lead Case No. 19-10998).  The Debtors, headquartered in Plano, TX, collectively operate seventeen long-term acute care facilities in nine states.  The First Day Declaration explains that the Debtors enter chapter 11 having begun a prepetition marketing process and enter chapter 11 intending to sell substantially all of their assets under section 363 of the Bankruptcy Code, and anticipate selecting a stalking horse purchaser no later than July 15, 2019.  Prime Clerk is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Brendan Linehan Shannon.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.