Caduceus is pursuing a liquidating Chapter 11 plan after selling its medical practice assets to Anchor in May 2025. The court continued the plan confirmation hearing and status conference to January 19, 2027, while the debtors negotiate with creditors and await a tax credit that would fund the plan, according to the continuance order Dkt. 505 and October status report Dkt. 502.

Caduceus Physicians Medical Group and Caduceus Medical Services are pursuing a liquidating Chapter 11 plan following the sale of the practice assets to Anchor. The October 21, 2026 order Dkt. 505 continued the confirmation hearing and status conference to January 19, 2027. The debtors and Romanov Group are negotiating treatment of Romanov’s administrative claim and related plan issues, and the debtors seek an impaired consenting class of unsecured creditors, according to their October status report Dkt. 502 and the continuance stipulation Dkt. 504.

The medical group filed for Chapter 11 on August 1, 2024, after operating losses, reduced medical staffing and lower reimbursement pressure. The cash collateral motion Dkt. 6 describes its financing and business pressures; identified debt was approximately $2,130,000 across three of five instruments as of the petition date. The debtors report that an initial sale to Regal Medical Group terminated when Regal could not reach a lease agreement with the Yorba Linda landlord. They then sold the practice to backup bidder Anchor, closing on or about May 9, 2025, as described in the October status report Dkt. 502.

The fourth amended liquidation plan Dkt. 461 proposes a liquidating trust to administer remaining assets and distribute proceeds. It projects a 1.3% recovery for general unsecured claims and makes receipt of a projected $1,884,476 employee retention credit a nonwaivable condition to effectiveness. In their October report, the debtors said the IRS was examining the credit claim, had requested additional information, and had received the debtors’ response.

Caduceus is pursuing a liquidating Chapter 11 plan after selling its medical practice assets to Anchor in May 2025. The court continued the plan confirmation hearing and status conference to January 19, 2027, while the debtors negotiate with creditors and await a tax credit that would fund the plan, according to the continuance order Dkt. 505 and October status report Dkt. 502.

Caduceus Physicians Medical Group and Caduceus Medical Services are pursuing a liquidating Chapter 11 plan following the sale of the practice assets to Anchor. The October 21, 2026 order Dkt. 505 continued the confirmation hearing and status conference to January 19, 2027. The debtors and Romanov Group are negotiating treatment of Romanov’s administrative claim and related plan issues, and the debtors seek an impaired consenting class of unsecured creditors, according to their October status report Dkt. 502 and the continuance stipulation Dkt. 504.

The medical group filed for Chapter 11 on August 1, 2024, after operating losses, reduced medical staffing and lower reimbursement pressure. The cash collateral motion Dkt. 6 describes its financing and business pressures; identified debt was approximately $2,130,000 across three of five instruments as of the petition date. The debtors report that an initial sale to Regal Medical Group terminated when Regal could not reach a lease agreement with the Yorba Linda landlord. They then sold the practice to backup bidder Anchor, closing on or about May 9, 2025, as described in the October status report Dkt. 502.

The fourth amended liquidation plan Dkt. 461 proposes a liquidating trust to administer remaining assets and distribute proceeds. It projects a 1.3% recovery for general unsecured claims and makes receipt of a projected $1,884,476 employee retention credit a nonwaivable condition to effectiveness. In their October report, the debtors said the IRS was examining the credit claim, had requested additional information, and had received the debtors’ response.