Current posture

What matters now

MBMG Holding is in a post-confirmation liquidating wind-down: its Chapter 11 plan was confirmed in March 2025, and the most recent post-confirmation report anticipates a final-decree application on November 15, 2026. The report shows continuing estate administration, with cumulative disbursements of $6.4 million since the effective date, including full payment of allowed administrative and priority claims and reported distributions to secured and general unsecured claimants post-confirmation report Dkt. 755. The Florida primary-care platform and its affiliates filed Chapter 11 on October 13, 2024 after reimbursement pressure and rising operating costs compounded a leveraged capital structure; the debtors reported approximately $479 million in funded debt at filing first-day declaration Dkt. 31. The cases were designed to preserve operations while pursuing a sale of substantially all assets to Conviva Medical Center Management, LLC, supported by a $10 million DIP facility, according to that declaration proposed sale and DIP financing Dkt. 31. The court ultimately confirmed the Second Amended Joint Chapter 11 Plan, which places the estates into a liquidating wind-down under a plan administrator, vests estate property in the wind-down estates, and…

Updated Aug 10, 2026