Orion HealthCorp, Inc.

Orion HealthCorp is in a post-confirmation liquidation posture, with the case still open under Liquidating Trustee Howard M. Ehrenberg and a final decree application expected by December 31, 2026, according to the latest Post-Confirmation ReportDkt. 1195. The confirmed plan has been effective since March 1, 2019, and the remaining case activity is centered on trust administration, distributions, litigation residue, and closing mechanics rather than operating-company restructuring.

The debtors filed chapter 11 on March 16, 2018 after entering bankruptcy with a leveraged capital structure that included approximately $156.6 million of first-lien term loans, a $1.0 million bridge loan, and $39.6 million of unsecured promissory notes, as described in the first-day Affidavit in Support of Petitions and First Day MotionsDkt. 2. The business was a healthcare services platform providing revenue-cycle management and related physician-practice services, so the case began as a balance-sheet and enterprise restructuring around a multi-subsidiary operating group rather than a single-asset liquidation.

The case then moved into a litigation-heavy restructuring path. Within weeks of filing, Orion and affiliated debtors commenced an adversary proceeding seeking recovery of money or property, fraudulent-transfer relief, and injunctive relief against a broad group of defendants, including former stakeholders and the IRS, through the Adversary ComplaintDkt. 1. Additional adversary proceedings followed in 2018, including claims-subordination litigation against Robinson Brog and related parties in the and against Kevin and Edel Kelly in another . By 2020, the liquidating trustee was still pursuing estate causes of action, including fraudulent-transfer claims in the .