MBMG Holding is in post-confirmation wind-down following the April 2025 effectiveness of its liquidation plan. The September 2026 quarterly report Dkt. 758 reported no plan payments during the quarter and anticipated a final-decree application on December 15, 2026.

MBMG Holding’s liquidating plan became effective on April 4, 2025, after the court confirmed it on March 13, 2025, as shown in the confirmation order Dkt. 499 and effective-date notice Dkt. 528. The plan administrator is responsible for liquidating remaining assets and making distributions. The court closed 15 affiliated cases in October 2025 while keeping MBMG Holding’s lead case open for remaining administration and reporting under the member-case closing order Dkt. 706.

In the report for the quarter ended September 30, 2026 Dkt. 758, the plan administrator reported no plan payments during the quarter and cumulative payments of $44,969,372 on secured claims and $443,286 on general unsecured claims. The report anticipated a 10% payment on secured claims and 6% on general unsecured claims, and anticipated filing an application for a final decree on December 15, 2026.

MBMG and its affiliates filed Chapter 11 on October 13, 2024, to facilitate a sale and preserve patient care. Their first-day declaration Dkt. 31 reported approximately $479 million in aggregate funded debt and attributed financial pressure to the debt burden, Medicare reimbursement changes and declining Medicaid revenue. The business then operated 26 Florida primary care centers serving approximately 35,000 patients.

The court approved the sale of substantially all assets to Conviva Medical Center Management, LLC, in the sale order Dkt. 218. The disclosure statement Dkt. 336 reported that the $45 million sale closed on December 12, 2024, with proceeds paying debtor-in-possession claims in full and partially paying down first-lien lenders. The confirmed plan directs the remaining wind-down and creditor distributions.

MBMG Holding is in post-confirmation wind-down following the April 2025 effectiveness of its liquidation plan. The September 2026 quarterly report Dkt. 758 reported no plan payments during the quarter and anticipated a final-decree application on December 15, 2026.

MBMG Holding’s liquidating plan became effective on April 4, 2025, after the court confirmed it on March 13, 2025, as shown in the confirmation order Dkt. 499 and effective-date notice Dkt. 528. The plan administrator is responsible for liquidating remaining assets and making distributions. The court closed 15 affiliated cases in October 2025 while keeping MBMG Holding’s lead case open for remaining administration and reporting under the member-case closing order Dkt. 706.

In the report for the quarter ended September 30, 2026 Dkt. 758, the plan administrator reported no plan payments during the quarter and cumulative payments of $44,969,372 on secured claims and $443,286 on general unsecured claims. The report anticipated a 10% payment on secured claims and 6% on general unsecured claims, and anticipated filing an application for a final decree on December 15, 2026.

MBMG and its affiliates filed Chapter 11 on October 13, 2024, to facilitate a sale and preserve patient care. Their first-day declaration Dkt. 31 reported approximately $479 million in aggregate funded debt and attributed financial pressure to the debt burden, Medicare reimbursement changes and declining Medicaid revenue. The business then operated 26 Florida primary care centers serving approximately 35,000 patients.

The court approved the sale of substantially all assets to Conviva Medical Center Management, LLC, in the sale order Dkt. 218. The disclosure statement Dkt. 336 reported that the $45 million sale closed on December 12, 2024, with proceeds paying debtor-in-possession claims in full and partially paying down first-lien lenders. The confirmed plan directs the remaining wind-down and creditor distributions.