Center for Autism and Related Disorders is in post-confirmation administration, with the plan effective since August 25, 2023, quarterly reporting still ongoing, and the Plan Administrator projecting a final decree application by December 31, 2026, as reflected in the latest Center for Autism post-confirmation reportDkt. 637. The case began on June 11, 2023, when the autism-services provider filed chapter 11 after pandemic-era operating pressure, labor shortages, rising labor costs, heavy overhead, and a leveraged capital structure left the business without enough runway to continue outside a court-supervised transaction process, according to the Shenker first-day declarationDkt. 21.
CARD entered chapter 11 as a large ABA therapy platform, operating about 130 centers across 13 states, employing roughly 2,500 staff and serving more than 3,500 patients. The same first-day declaration describes a business that had generated about $160 million of net operating revenue as of April 2023 but was carrying approximately $245 million of funded debt, including revolver and term-loan obligations secured by substantially all obligor assets, while reporting an EBITDA loss of $22 million and a net loss of $82 million. To preserve patient care and bridge the case, the debtors sought use of cash collateral and an $18 million DIP facility, with $7.5 million available immediately, while pursuing an accelerated sale and plan timeline anchored by a $25 million stalking-horse asset purchase agreement with Pantogran LLC through the Shenker first-day declarationDkt. 21.
The restructuring path quickly moved from filing to plan implementation. The debtors filed a first amended joint chapter 11 plan on July 24, 2023, framing the case as a reorganization rather than a long free-fall liquidation, through the First Amended Chapter 11 PlanDkt. 243. The post-confirmation reports indicate the plan was confirmed on July 28, 2023 and became effective on August 25, 2023; by the quarter ended March 31, 2026, the main operating debtor reported $152,532 of current-quarter cash disbursements, $9.6 million of cumulative disbursements since the effective date, $7.5 million of professional fees paid since the petition date, about $2.0 million paid on $244.8 million of allowed secured claims, near-full payment of priority claims, and no general unsecured distributions in the Center for Autism post-confirmation reportDkt. 637. The remaining case posture is therefore administrative: continued post-confirmation reporting, residual claim and estate wind-down activity, and the expected final decree filing by December 31, 2026.