Petersen Health Care Receivership

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Nine more Petersen Health Care facilities are placed into receivership

(4 days ago) WEBIn that case, X-Caliber Funding LLC claims that Petersen Health Care owes more than $31 million. Petersen Health Care was founded in 1974 and owns nearly 100 senior living …

https://www.msn.com/en-us/money/companies/nine-more-petersen-health-care-facilities-are-placed-into-receivership/ar-BB1i00IN

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17 Petersen Nursing Homes Embroiled in Foreclosure Suits …

(6 days ago) WEBPetersen Health Care faces two foreclosure cases filed in the Illinois Northern District Court – litigation is linked to an alleged failure to repay nearly $51 …

https://skillednursingnews.com/2024/02/17-petersen-nursing-homes-embroiled-in-foreclosure-suits-involving-nearly-51m-in-loans/

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Peoria nursing home company solves dispute with creditor over …

(7 days ago) WEBThe sale of properties owned by Peoria-based Petersen Health Care will move forward after the company and one of its lenders reached a deal to allow a court …

https://www.pjstar.com/story/business/2024/05/17/petersen-health-care-solves-dispute-over-finances-amid-bankruptcy/73687069007/

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Judge clears way for new Petersen Health financing as bankruptcy

(5 days ago) WEBPetersen Health Care can borrow $45 million while in Chapter 11 bankruptcy to maintain operations at its nursing homes and make the properties more appealing to …

https://www.mcknights.com/news/judge-clears-way-for-new-petersen-health-financing-as-bankruptcy-advances/

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Peoria-based Petersen Health Care files for Chapter 11 bankruptcy

(3 days ago) WEBPetersen Health Care. Peoria long-term care facility owner Petersen Health Care is filing for Chapter 11 bankruptcy. The petition was filed this week in the …

https://www.nprillinois.org/illinois/2024-03-21/peoria-based-petersen-health-care-files-for-chapter-11-bankruptcy

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Petersen Health Care files for Chapter 11 bankruptcy WGLT

(6 days ago) WEBPetersen is facing multiple foreclosure lawsuits from its creditors for some $55 million in debt nonrepayment, and more than a dozen of its facilities were placed in …

https://www.wglt.org/illinois/2024-03-21/peoria-based-petersen-health-care-files-for-chapter-11-bankruptcy

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Petersen Health Care plans to stay in business amid allegations of …

(5 days ago) WEBPetersen Health Care plans to remain in business despite allegedly owing more than $55 million to two lenders now seeking to make good on that debt in federal …

https://www.wcbu.org/local-news/2024-02-26/petersen-health-care-plans-to-stay-in-business-amid-allegations-of-55-million-owed-according-to-report

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Petersen Health Receivership Deal Draws US Trustee Concern

(9 days ago) WEBAssisted living facility operator Petersen Health Care Inc. and more than 100 affiliates filed for Chapter 11 protection citing rising costs after the COVID-19 pandemic, cyberattacks …

https://www.law360.com/bankruptcy-authority/articles/1836310/petersen-health-receivership-deal-draws-us-trustee-concern

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Senior Living Firm Petersen Health Care Plans Bankruptcy Filing

(3 days ago) WEBPetersen Health Care Inc., which runs around 100 nursing homes and assisted living facilities in the US Midwest, is preparing to file for Chapter 11 bankruptcy …

https://news.bloomberglaw.com/insurance/senior-living-firm-petersen-health-care-plans-bankruptcy-filing

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Bloomberg report: Petersen Health Care is preparing to file …

(5 days ago) WEBPEORIA – Petersen Health Care is preparing to file for Chapter 11 bankruptcy, according to a report by Bloomberg.. The Peoria-based company runs about …

https://www.freep.com/story/business/2024/02/19/bloomberg-report-says-petersen-health-care-is-preparing-to-file-bankruptcy/72659804007/

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Nine more Petersen Health Care facilities are placed into …

(7 days ago) WEBPEORIA – Nine more financially ailing Petersen Health Care facilities in Illinois have been placed in receivership.. On Thursday afternoon, Judge Thomas Durkin with the U.S. …

https://brightgram.com/state/illinois/4063394/nine-more-petersen-health-care-facilities-are-placed-into-receivership/

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Petersen Health Care in battle for $50 million share of massive …

(7 days ago) WEBAn operator of nearly 100 Midwest care facilities is now embroiled in a two-front legal battle over more than $50 million in loans. Two lenders say that Petersen …

https://www.mcknights.com/news/petersen-health-care-in-battle-for-50-million-share-of-massive-nursing-home-portfolio/

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Petersen bankruptcy likely to involve selling facilities to multiple

(4 days ago) WEBLong-term care operator Petersen Health Care said it lis likely to sell off blocks of its facilities as part of its efforts to restructure and pay its debts after filing for …

https://www.mcknights.com/news/petersen-bankruptcy-likely-to-involve-selling-facilities-to-multiple-buyers-lawyer/

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Peoria nursing home company faces foreclosure on 17 properties

(5 days ago) WEBThe company claimed Petersen's lack of liquidity and use of money transfers to pay off other debts were putting resident health and safety at risk. U.S. District Court …

https://www.wcbu.org/local-news/2024-02-05/peoria-nursing-home-company-faces-foreclosure-on-17-properties

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Assisted Living Facilities & Nursing Homes By Petersen Health …

(5 days ago) WEBCall Petersen Nursing Homes At (309) 691-8113 For Senior Residential Assisted Living, Skilled Nursing Facilities, Long Term Care, Independent Living, Old Age, Convalescent, …

https://www.petersenhealthcare.net/

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Petersen Health Care has no plans to go out of business, despite …

(7 days ago) WEBFollowing widespread media reports citing unnamed sources that Petersen Health Care is planning to file for bankruptcy, the operator of nearly 100 care facilities in …

https://www.mcknights.com/news/petersen-health-care-has-no-plans-to-go-out-of-business-despite-all-too-familiar-challenges-rep/

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