Navigation Links
Brotman Medical Center Facilitates Restructuring Through Chapter 11 Filing
Date:10/26/2007

CULVER CITY, Calif., Oct. 26 /PRNewswire/ -- Brotman Medical Center, a privately held, 420-bed medical center serving the West Los Angeles area, announced today that it has filed a voluntary Chapter 11 petition in the United States Bankruptcy Court for the Central District of California in Los Angeles.

In connection with the filing, Brotman Medical Center is in the process of finalizing a new debtor-in-possession (DIP) revolver in the amount of approximately $19.6 million to be provided by its pre-petition secured lender, which is subject to final agreement and Court approval. The DIP financing facility is designed to permit the hospital to fund its working capital needs during the Chapter 11 case, including obligations to its employees, trade vendors, suppliers and service providers. As part of the Chapter 11 filing, the hospital is also seeking Court approval of certain operating, cash management and employee motions, which are commonplace in Chapter 11 filings.

Brotman Medical Center affirmed it will continue to serve physicians and their patients in Culver City, West Los Angeles and the surrounding community. The hospital anticipates no changes in emergency room operations. All professional and technical staff will continue to work regular shifts and hours.

In connection with the filing, the hospital has retained Michael Lane of Navigant Consulting, Inc. as its interim Chief Executive Officer (CEO). Lane has worked with Brotman in a consulting capacity for the past year.

Lane affirmed that "the new DIP financing, upon approval by the Court, will ensure that Brotman Medical Center has the resources to continue providing care in Culver City and West Los Angeles. The hospital's suppliers, employees and physician partners should see little or no disruption.

"We have been working to meet the many challenges that characterize today's health care environment. We are refining services in order to continue critical care facilities, se
'/>"/>

SOURCE Brotman Medical Center
Copyright©2007 PR Newswire.
All rights reserved

2

GOOD

Page: 1 2

Related medicine news :

1. Check if your “Favourite medical web-site” is indulging in Quackey
2. Teens turning to Internet for medical queries
3. Robots craft medical history
4. NBE to conduct test for medical students from abroad
5. Air pollution combined with greater medical needs
6. Indian Nationals with Foreign Medical Degrees can now practice in India
7. Children! Protecting them from medical mistakes
8. More information sought by patients on medical errors
9. SARS necessitates medical masks
10. Meditation Works Medically
11. Sleep Disorders Could Indicate Other Medical Problems

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2009)...patients who have a prostate-specific antigen (PSA...after external beam radiation therapy (EBRT) are l...related death, according to a study in the Decembe...n Oncology*Biology*Physics, the official journal o...RO)., PSA levels in a prostate cancer patient ar...
(Date:12/2/2009)...Constraint-induced movement therapy (CIMT) is a po...ren with hemiplegic cerebral palsy, but more resea...w published in the November issue of Physical The...n Physical Therapy Association (APTA). The review,...ematic reviews, concluded that further research sh...
(Date:12/2/2009)... AB First Aid has been a top name in the me.... With quality products, professional staff, and a...lies, AB First Aid has established itself as a pro...are, and as a first aid supplies distributor. The ...bout to enter into its next phase with the redesig...
(Date:12/2/2009)... National Race Series to increase awareness...lies on the importance of early detection , ...2009 -- Men, women, families, friends and neighbor...d to participate in the Rudolph Ramble 5K. The Ru...ce Series , which was launched by the Prostate Co...
(Date:12/2/2009)... A team of Kendall Hunt authors earned the ...d at the recent National Association for Gifted Ch...ember 5-7, 2009. , Dubuqu...l Hunt authors earned the 2009 Gifted Child Quarte... Association for Gifted Children’s annual co...
Breaking Medicine News(10 mins):Health News:PSA value at 2 years post-treatment can predict long-term survival in prostate cancer patients 2Health News:Report shows CIMT may improve arm use in children with hemiplegic cerebral palsy 2Health News:From A to B and Everything In-between; AB First Aid Launch New Web Storefront 2Health News:From A to B and Everything In-between; AB First Aid Launch New Web Storefront 3Health News:PACE Race Returns with Denver's Rudolph Ramble 2Health News:PACE Race Returns with Denver's Rudolph Ramble 3Health News:PACE Race Returns with Denver's Rudolph Ramble 4Health News:Kendall Hunt Authors Earn NAGC “Paper of the Year” Award 2
...ing wonders for victims of violence in US. Founded...stry, the nonprofit group is putting domestic viol...er their services. To date, 500 applicants...mestic violence. That's sometimes done through che...
...m the Toronto police busted a global Internet pedo...children being abused. They rescued more than 31 k...ects were running an international child pornograp...ildren being subjected to horrific sexual abuse, i...
...at the end of the century before last was awarded ...oldest man, and joked he was sorry for still being...tedly said that avoiding alcohol was a secret of ...refecture on the southern island of Kyushu, was bo...
...vernment school in southern Thailand and then ambu...gate the arson Tuesday, police said. Insur...f Pattani province late Monday, the same day that ... Narathiwat province. Ambushes claimed fou...
...t year of an unarmed man on his wedding day, the N...ry breathalyzer tests after such shootings. Sean B...arry his girlfriend, died in a hail of 50 bullets ... one critically. Police opened fire after an under...
...hnology (IIT), Kharagpur, in West Bengal is the to...y, edging out IIT-Madras which held the position ...g to the survey by Data Quest, a technology magazi...gpur climbed two places to the first slot. ...
Other Medicine News:Health News:US Dentists Help Victims of Domestic Violence Smile Again 2Health News:Thirty One Kids Rescued from a Pedophile Ring 2Health News:Thai Separatists Burn School, Kill Four 2Health News:Breathalyzer Tests for Cops Involved in Shootings 2Health News:IIT-Kharagpur the Leading Technology College in India: Survey 2
(Date:12/1/2009)...e/ -- Reportlinker.com announces that a new market..., Medical Oxygen Systems - Global Market Oppor...4334/Medical-Oxygen-Systems---Global-Market-Opport...ms market for home healthcare setting is reckoned ... expectations stem from demographic factors such a...
(Date:12/1/2009)...ire/ -- Johnson & Johnson Pharmaceutical Resea... it has submitted a New Drug Application (NDA) to ...pentadol extended release (ER) tablets, an investi...rate to severe chronic pain in patients 18 years o...in that persists for long periods of time - usuall...
(Date:12/1/2009)... Merck & Co., Inc. today annou...DA) has approved ZEGERID OTC(TM) (omeprazole 20 mg...e-counter treatment of frequent heartburn. ZEGERI...g-Plough HealthCare Products, Inc., the consumer h...ng-Plough and Merck merged on November 3, 2009. ,...
Breaking Medicine Technology:Reportlinker Adds Medical Oxygen Systems - Global Market Opportunities 2Reportlinker Adds Medical Oxygen Systems - Global Market Opportunities 3Reportlinker Adds Medical Oxygen Systems - Global Market Opportunities 4Reportlinker Adds Medical Oxygen Systems - Global Market Opportunities 5Reportlinker Adds Medical Oxygen Systems - Global Market Opportunities 6Reportlinker Adds Medical Oxygen Systems - Global Market Opportunities 7New Drug Application Submitted to FDA for Tapentadol Extended Release Tablets for Management of Chronic Pain 2New Drug Application Submitted to FDA for Tapentadol Extended Release Tablets for Management of Chronic Pain 3New Drug Application Submitted to FDA for Tapentadol Extended Release Tablets for Management of Chronic Pain 4New Drug Application Submitted to FDA for Tapentadol Extended Release Tablets for Management of Chronic Pain 5New Drug Application Submitted to FDA for Tapentadol Extended Release Tablets for Management of Chronic Pain 6New Drug Application Submitted to FDA for Tapentadol Extended Release Tablets for Management of Chronic Pain 7FDA Approves ZEGERID OTC(TM) for Over-the-Counter Treatment of Frequent Heartburn 2FDA Approves ZEGERID OTC(TM) for Over-the-Counter Treatment of Frequent Heartburn 3FDA Approves ZEGERID OTC(TM) for Over-the-Counter Treatment of Frequent Heartburn 4Latin America must cut blood pressure to thrive 50141 1Latin America must cut blood pressure to thrive 50141 2Latin America must cut blood pressure to thrive 50141 3WuXi PharmaTech Files 2008 Annual Report on Form 20 F 50138 1WuXi PharmaTech Files 2008 Annual Report on Form 20 F 50138 2SEIU UHW Members Win Key Vote to Keep Union at Calif Hospital 50136 1SEIU UHW Members Win Key Vote to Keep Union at Calif Hospital 50136 2
...buting Editor , ,Positive patient identificat...bodies for the past few years. Until recently, th... beyond the reach of the average hospital or labor...ces that can be integrated into a facilitys IS req...small facilities, while others are best for larger...
...Medical School ,Contributing Editor ,A...ary artery disease, stroke, and many other vascula...of the disease burden of the United States, with a... over 1.5 million myocardial infarctions annually....5 and over, but most remain asymptomatic for decad...
Other Medicine Technology:Managing Preanalytical Processes for Patient Safety 2Managing Preanalytical Processes for Patient Safety 3Managing Preanalytical Processes for Patient Safety 4New Point-of-Care Methods to Measure Coronary and Cerebrovascular Risk 2New Point-of-Care Methods to Measure Coronary and Cerebrovascular Risk 3
... Laboratories is a national reference laboratory a...earch and development. ARUP offers an extensive te... in clinical and anatomic pathology. Owned by the ...lude more than half of the nation's university tea...
... Laboratories is a national reference laboratory a...earch and development. ARUP offers an extensive te... in clinical and anatomic pathology. Owned by the ...lude more than half of the nation's university tea...
... Laboratories is a national reference laboratory a...earch and development. ARUP offers an extensive te... in clinical and anatomic pathology. Owned by the ...lude more than half of the nation's university tea...
... Laboratories is a national reference laboratory a...earch and development. ARUP offers an extensive te... in clinical and anatomic pathology. Owned by the ...lude more than half of the nation's university tea...
Medicine Products: