Healthcare & life sciences coverage

chapter 11 and restructuring coverage across Healthcare & life sciences.

108 articles

Showing 25 to 36 of 108 coverage articles

Week of May 4, 2026

Center City Healthcare: Liquidation Plan and the Hahnemann Wind-Down

Center City Healthcare and 13 affiliates filed chapter 11 in D. Del. on June 30, 2019 to wind down Hahnemann and sell St. Christopher's. Plan confirmed Feb 25, 2026; MidCap DIP repaid from STC sale; $57.2M Tenet/Conifer claim subordinated; GUC recovery projected 2.7%-5.8%.

Healthcare & life sciences

May 5

SiO2 Medical Products: Oaktree Equitization, Cancelled Auction, and Founder Litigation

SiO2 Medical Products filed chapter 11 in Delaware March 2023 with $430M in debt. Oaktree equitized its first lien in a $350M plan confirmed July 2023 after no auction bids. Founder Abrams's fraud claims against ATHOS investors continue in state court.

PrenegotiatedHealthcare & life sciences

May 5

Novation Companies: Prepackaged Second Chapter 11 Preserves $731M NOL Stack

Novation Companies and three affiliates filed a prepackaged chapter 11 in Delaware on August 13, 2023 — the corporate group's second chapter 11 — exchanging $97.8M of secured note debt for equity and preserving $731M of NOLs. The plan confirmed in 54 days; cases closed March 3, 2026.

PrepackagedHealthcare & life sciences

May 4

Senior Care Centers: Texas Skilled Nursing Chapter 11 Freefall

Senior Care Centers, then Texas's largest skilled nursing operator with 97 facilities and ~13,000 beds, filed chapter 11 in December 2018 without DIP financing. The case ran on cash collateral, wound down via OTA transfers, and confirmed a joint debtor/UCC plan effective March 2020.

FreefallHealthcare & life sciences

May 4

Purdue Pharma: $7.4 Billion Plan Goes Effective, Knoa Pharma Begins Operations

Purdue Pharma's chapter 11 plan went effective April 1, 2026, completing a six-year mass-tort restructuring. The $7.4 billion Sackler settlement and $8.344 billion DOJ resolution are now operative. Knoa Pharma LLC began operations May 1 as the public-benefit pharmaceutical successor.

FreefallHealthcare & life sciences

Week of April 27, 2026

May 1

John Fitzgibbon Memorial Hospital Files Chapter 11 Targeting $8.6M Sale to Strawberry Fields REIT

Fitzgibbon Hospital filed chapter 11 in W.D. Missouri on April 21, 2026, proposing an $8.6M asset sale to Strawberry Fields REIT with no debtor-in-possession financing. A preference adversary challenges BNY Mellon's cash-collateral lien, filed only 86 days before the petition.

FreefallHealthcare & life sciences

Week of March 30, 2026

Mar 31

Genesis Healthcare: Insider Sale Rejected in $2.2B Nursing Home Bankruptcy

Genesis Healthcare, once the largest U.S. skilled nursing operator with 175 facilities and 27,000 employees, saw its chapter 11 insider sale rejected over "irregularities." A new auction has been ordered.

Healthcare & life sciences

Week of March 23, 2026

Mar 24

Zynex Files Chapter 11 After TRICARE Suspends Payments; Noteholders Take Full Equity in 94 Days

Zynex, a publicly traded Colorado medical device maker (ZYXI), filed chapter 11 Dec. 15, 2025 in S.D. Tex. after TRICARE suspended payments covering 20-25% of revenue. A $22.3M DIP from convertible noteholders backs a plan sponsor process with a $49.6M credit bid floor and Feb. 2026 deadlines.

PrenegotiatedHealthcare & life sciences

Mar 23

Zymergen: Ginkgo Sale and 56% Trust Recovery

Zymergen filed chapter 11 in Delaware after commercialization failures, litigation, and cash burn. The case produced asset sales to Ginkgo Bioworks and Pivot Bio, then a liquidation trust that had paid 56% of allowed unsecured claims as of December 31, 2025.

Healthcare & life sciences

Week of March 16, 2026

Mar 19

Steward Health Care Files Chapter 11 With $6.6B in MPT Lease Obligations Across 31 Hospitals

$9.2B collapse, MPT's $7.5B waiver, CEO Senate contempt, 31 hospital sales. Complete restructuring analysis.

FreefallHealthcare & life sciences

Mar 19

Friendship Village of Schaumburg Sells Campus for $35.5M, Converts to Chapter 7 After Plan Fight

Friendship Village of Schaumburg filed chapter 11 in June 2023 after a census collapse strained roughly $131.6 million in bond debt. The senior living operator sold its campus for more than $35.5 million, but plan disputes with its bond trustee led to a September 2024 conversion to chapter 7.

Chapter 7Healthcare & life sciences

Mar 19

Sherman/Grayson Hospital: Wilson N. Jones Sale Disputes

Sherman/Grayson Hospital’s chapter 11 case centered on a private sale of Wilson N. Jones Medical Center to AHS Sherman. The post covers the Delaware sale process, the January 1, 2024 closing, Altera’s EHR dispute, and the later professional-fee default that kept the case open.

FreefallHealthcare & life sciences

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