Midwest Christian Villages, Inc. (doing business as Christian Horizons) is a faith-based, not-for-profit senior living operator founded in 1962 in Lincoln, Illinois, with 11 communities and an institutional pharmacy serving 1,000+ residents across Illinois, Indiana, Iowa, and Missouri. The organization filed for Chapter 11 protection on July 16, 2024 (Case No. 24-42473-659, Eastern District of Missouri, Judge Kathy Surratt-States) with 21 affiliated debtors after COVID-19 pandemic pressures caused resident volume declines, staffing shortages drove up labor costs, and the organization stopped making principal and interest payments to its bond trustee in February 2024 on approximately $75 million in outstanding municipal bond debt. The debtors obtained $10.25 million in DIP financing from UMB (bond trustee) at a fixed 4.589% interest rate. The case proceeded through a multi-site Section 363 asset sale process with court-supervised auctions and bidding procedures, culminating in the sale of Crown Point Christian Village for $25.15 million (November 2024), Illinois market-rate facilities and pharmacy for approximately $16.23 million (November 2024), and final phase completion with BEH Partners affiliates in June 2025. All sales were structured as going-concern transactions with entrance fee refund liabilities and employee PTO obligations fully assumed by buyers, ensuring resident protections. Claims administration continues with bar date procedures and satisfied claim elimination; no confirmed Chapter 11 plan has been filed.
