Mar 10Vyaire Medical Funds Chapter 11 With $180M Loan, Sells Units to ZOLL and TrudellVyaire filed June 9, 2024 in Delaware, obtained a $180M DIP, sold two business units, and confirmed a liquidation plan in Nov 2024.
Mar 10Gritstone bio: $21.25M Sale and Hybrid EmergenceGritstone 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.Freefall
Mar 9Prospect Medical Holdings: Effective Date Caps Hospital BreakupProspect 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.
Mar 8Nuvo Group: DIP-Funded 363 Sale After De-SPACNuvo 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.Freefall
Mar 6North Star Health Alliance: Nonprofit Hospital System Files Chapter 11 in Northern New YorkNorth 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.Freefall
Mar 6Inspired Healthcare Capital Wins Hanover Sale Approval Through Debt AssumptionInspired Healthcare Capital won approval to sell Salterra at Hanover through a buyer assumption of lender debt. The August 26 order makes the asset transfer and lender releases conditional on closing.
Mar 6VBI Vaccines Completes CCAA Reverse Vesting Sale and Recalls PreHevbrioChapter 15 filed July 30, 2024 to recognize a Canadian CCAA case; K2HV DIP funded a SISP and a Jan 3, 2025 reverse vesting sale.Chapter 15
Mar 6Nostrum Laboratories Liquidates ANDA Portfolio and Assets After $68M in DebtNostrum Labs filed chapter 11 in D.N.J. on Sept. 30, 2024, used a $235k payroll DIP, and ran an ANDA auction on April 1, 2025.Freefall
Mar 6Gamida Cell: Cross-Border Prepack Preserves Omisirge CommercializationGamida Cell filed prepackaged chapter 11 May 2024; Highbridge converted debt to equity. Plan confirmed in nine days; Omisirge commercialization preserved.Prepackaged
Mar 6Cosmed Group Converts to Chapter 7 After EtO Litigation and Zimmer-Funded Asset SalesCosmed Group filed chapter 11 after EtO suits and defense costs, funded by a $7.5M Zimmer DIP and two 363 sales before converting to chapter 7.Freefall
Mar 6Humanigen Sells Assets to Taran Therapeutics After FDA Denial, Backed by $2M Insider LoanHumanigen filed chapter 11 in Delaware in January 2024 and sold assets to Taran via an insider $2M DIP-backed 363 process. Liquidating trust followed.
Mar 6CareMax: Sale-Based Chapter 11 Plan Exits in 78 DaysCareMax Nov 2024 N.D. Texas ch. 11 used DIP financing and sale transactions; plan confirmed Jan 2025, effective Feb 2025.