Petersen Health Care Receivership

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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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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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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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Two more Petersen Health Care facilities are placed in receivership

(8 days ago) WEBPEORIA – Two more financially ailing Petersen Health Care facilities in Illinois have been placed in receivership. On Feb. 13, Judge Eric Long with the U.S. …

https://www.jsonline.com/story/news/healthcare/2024/02/16/two-more-petersen-health-care-facilities-are-placed-in-receivership/72615039007/

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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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Despite financial struggles, Petersen Health Care says it's 'not …

(5 days ago) WEB0:45. Nineteen of the Peoria-based company's nursing homes were placed into receivership earlier this year. Petersen says inadequate funding, a cyberattack …

https://www.freep.com/story/news/local/2024/03/19/petersen-health-care-says-its-not-going-out-of-business-will-restructure/72972024007/

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Peoria nursing home company solves dispute with creditor over …

(7 days ago) WEBZach Roth. Peoria Journal Star. Court documents filed shortly after Petersen Health Care filed for Chapter 11 bankruptcy state that there was around $290 million in …

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

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Petersen Health Care Files Voluntary Petition for Relief Under …

(2 days ago) WEBPEORIA, Ill., March 20, 2024--Petersen Health Care ("Petersen" or "The Company"), an operator of nursing homes and assisted living and long-term care facilities in Illinois, …

https://finance.yahoo.com/news/petersen-health-care-files-voluntary-222600307.html

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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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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 files for bankruptcy amid financial - MSN

(1 days ago) WEBNineteen Petersen nursing homes were placed into receivership earlier this year at the request of two creditors who allege that Petersen is in arrears by about $55.5 million. …

https://www.msn.com/en-us/money/companies/petersen-health-care-files-for-bankruptcy-amid-financial-struggles-plans-to-restructure/ar-BB1kiKxK

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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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Petersen Health Care faces foreclosure on nearly $51 million in …

(2 days ago) WEBMore: Woodford County health care facility with history of issues fined $75,000 for violations When asked about the receivership, Petersen Health Care issued the …

https://www.msn.com/en-us/money/companies/petersen-health-care-faces-foreclosure-on-nearly-51-million-in-loans/ar-BB1hNKdv

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Multiple local nursing facilities at risk of foreclosure, according to

(4 days ago) WEBPublished: Feb. 19, 2024 at 6:29 PM PST. PEORIA (25News Now) - Seven local nursing and long-term care facilities are at risk of foreclosure as their Peoria-based parent …

https://www.25newsnow.com/2024/02/20/multiple-local-nursing-facilities-risk-foreclosure-according-court-documents/

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Kewanee Courtyard Estates among Petersen facilities placed in

(1 days ago) WEBX-Caliber Funding LLC claims that Petersen Health Care owes more than $31 million. Receivership means that Petersen Health Care is no longer running the …

https://kewaneevoice.com/kewanee-courtyard-estates-among-petersen-facilities-placed-in-receivership-heres-what-weve-learned-so-far/

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Nursing Home Chain Petersen Health Files for Bankruptcy

(3 days ago) WEBMidwest nursing home chain Petersen Health Care has filed for bankruptcy less than two months after it was hit with lawsuits alleging it defaulted on loans of more …

https://www.wsj.com/articles/nursing-home-chain-petersen-health-files-for-bankruptcy-a923546c

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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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Nursing home co. Petersen files for bankruptcy after cyberattacks

(3 days ago) WEBLoan defaults caused 19 properties to enter receivership. NEW YORK, March 21 (Reuters) - Petersen Health Care, one of the largest nursing home operators …

https://www.reuters.com/legal/litigation/nursing-home-co-petersen-files-bankruptcy-after-cyberattacks-2024-03-21/

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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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Peoria-based Petersen Health Care seeks bankruptcy protection to …

(7 days ago) WEBPetersen Health Care which is based in North Peoria, Iowa and Missouri, of which have been placed into receivership by a federal court judge in Urbana. A receiver is an …

https://www.msn.com/en-us/money/companies/peoria-based-petersen-health-care-seeks-bankruptcy-protection-to-work-out-its-debts/ar-BB1kmvFI

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Healthcare Receiverships - Flanagan & Associates, L.L.C.

(4 days ago) WEBPetersen Healthcare. Chicago, Illinois Case No. 1:24-cv-00888. On February 8, 2024, the United States District Court for the Northern District of Illinois, Defendants, Case No. …

https://mffllc.com/healthcare-receiverships/

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