Hospital for Special Surgery, LLC, operating as OneCore Health, is an Oklahoma City orthopedic specialty surgical hospital recognized by Healthgrades for knee replacement, spinal fusion, rotator cuff repair, and back/neck surgery. The Medicare-certified 8-bed hospital employed approximately 100 workers and generated approximately $3 million in average monthly cash receipts. It filed for Chapter 11 protection on October 7, 2024, in the Western District of Oklahoma (Judge Janice D. Loyd, Case No. 24-12862) following a September 2024 jury verdict of approximately $15 million in a medical malpractice case that exceeded the hospital's estimated enterprise value. The filing was compounded by a billing system implementation failure in June 2022 that disrupted revenue collection for nearly two years, resulting in several million dollars of lost revenue. Rather than liquidate, the hospital confirmed a recapitalization plan on May 13, 2025, with an effective date of May 30, 2025. The plan brought in $2.8 million in new value from Solara Surgical Partners (including $2.5 million in cash and a $300,000 claim waiver) plus a $5 million exit financing facility. General unsecured creditors received a 26.2% pro rata cash recovery, while critical vendors received full payment of 503(b)(9) amounts and 65% recovery on other balances. The Emma Base claim (the malpractice judgment) was settled for $4 million in cash plus 100% of a litigation trust funded by approximately $552,000 in remaining Allied World insurance proceeds. The case concluded efficiently with a final decree entered on September 29, 2025, approximately 11.7 months after the petition date.
