Healthcare &amp; life sciences coverage

South Hills Operations: Dual Sale Tracks and Wage Litigation

South Hills Operations filed chapter 11 in the Western District of Pennsylvania after failed nursing-home sale efforts, labor cost pressure, Medicaid reimbursement strain, and Department of Labor wage litigation. The case moved through dual DIP facilities, separate sales, and a liquidating trust.

LaVie Care Centers: From 140 Facilities to Emergence

LaVie Care Centers filed chapter 11 in the Northern District of Georgia after shrinking from roughly 140 facilities to 43 and carrying legacy liabilities from divested operations. The post covers the contested DIP fight, failed sale process, IRS settlement, and June 2025 emergence under Avardis.

Solar Biotech, Inc.: Pictor Sale and Liquidation Trust

Solar Biotech filed chapter 11 in Delaware on June 23, 2024, ran a section 363 sale that ended with Pictor Biotech's $20 million purchase, and later put a liquidating plan into effect on September 30, 2025. The post tracks the sale, DIP financing, and liquidation-trust status.

Guardian Healthcare: 19 Facilities Sold in Chapter 11 Wind-Down

Guardian Healthcare filed chapter 11 in western Pennsylvania on July 29, 2024, sold or transferred 19 skilled nursing facilities, and remains in a wind-down focused on litigation, settlements, and estate administration.

Biolase: MegaGen Sale and Liquidation Plan

Biolase filed chapter 11 in Delaware to sell its business, with MegaGen winning the auction before the estates moved into a confirmed liquidation plan.

Cold Spring Hills Nursing Home Sold to Receiver for $10 Amid $22.6M Philipson Fraud Suit

Cold Spring Hills filed chapter 11 after a $22.6M AG lawsuit over Philipson ownership and alleged fund diversions. A $10 receivership preserved the 588-bed nursing home while unsecured creditors faced a 2% recovery.

Week of March 9, 2026

Mar 10

Vyaire Medical Funds Chapter 11 With $180M Loan, Sells Units to ZOLL and Trudell

Vyaire filed June 9, 2024 in Delaware, obtained a $180M DIP, sold two business units, and confirmed a liquidation plan in Nov 2024.

Mar 10

Gritstone bio: $21.25M Sale and Hybrid Emergence

Gritstone bio entered chapter 11 after clinical and funding setbacks, sold its main assets for $21.25 million, and confirmed a plan that left a reorganized debtor plus a liquidating trust.

Mar 9

Prospect Medical Holdings: Effective Date Caps Hospital Breakup

Prospect Medical Holdings' chapter 11 plan went effective on March 6, 2026 as Centurion closed on Roger Williams Medical Center and Our Lady of Fatima Hospital. The case now turns to claims reconciliation, California post-sale cleanup, and Pennsylvania wind-down work.

Week of March 2, 2026

Mar 8

Nuvo Group: DIP-Funded 363 Sale After De-SPAC

Nuvo Group filed chapter 11 in Delaware four months after its de-SPAC, obtained founder-linked DIP financing, sold substantially all assets in a December 2024 363 sale, and remained in bankruptcy into 2026 while the estates handled fees, claims, and cross-border disputes.

Mar 6

North Star Health Alliance: Nonprofit Hospital System Files Chapter 11 in Northern New York

North Star Health Alliance, a nonprofit health system in New York's North Country, filed chapter 11 with $100M+ in liabilities across four entities. Cash collateral funds operations with no standalone DIP as state DOH funding disputes and Northern Credit Union's objection shape the case.