Navigation Links
Corporate Parent Hospital Partners of America Files Voluntary Chapter 11 Petition; Filings do not Include any Hospital Facilities
Date:9/24/2008

Filings to Facilitate Orderly Sale and Disposition of Hospital Assets Patient Care to Remain Uninterrupted At HPA Hospitals

CHARLOTTE, N.C., Sept. 24 /PRNewswire/ -- Hospital Partners of America ("HPA" or "the Company") announced today that it and certain intermediate entities have filed voluntary petitions of reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filings do not affect the operations of any of the hospitals in the HPA system, which continue to operate as usual. The filings were made in the U.S. Bankruptcy Court for the District of Delaware in order to facilitate the orderly disposition of certain of its assets.

HPA's hospital facilities are set up as independent legal entities and are not part of the filings. The Company expects operations at its hospitals - Austin Surgical Hospital, St. Joseph Medical Center, Shasta Regional Medical Center, and Trinity Medical Center - to continue normally, providing uninterrupted patient care. HPA's hospital facilities are expected to meet their individual operating needs without support from HPA.

HPA, working together with its hospital physician partners, retained Merrill Lynch & Co. to identify potential interested third parties to purchase HPA's ownership at the St. Joseph Medical Center and Trinity Medical Center and have retained Cain Brothers to perform the same function at Shasta Regional Medical Center and Austin Surgical Hospital. The individual sale processes are underway and each of the hospitals has generated interest from multiple potential buyers.

About Hospital Partners of America (HPA)

Hospital Partners of America is a privately held company based in Charlotte, North Carolina that develops and operates hospitals. The company's website is http://www.hospitalpartners.com.

Contacts

Joele Frank, Wilkinson Brimmer Katcher

Andy Brimmer

212-895-8611

Jed Repko

212-895-8636


'/>"/>
SOURCE Hospital Partners of America
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Cyberonics Corporate Headquarters Fully Operational Following Hurricane Ike
2. Accuray Incorporated Announces Resignation of Chief Financial Officer
3. Spherix Incorporated to Seek Stockholder Approval of Reverse Stock Split
4. U.S. Chamber Recognizes NutraCea for Strong Corporate Stewardship
5. Aflac Incorporated to Webcast Tokyo Analysts Meeting
6. Aflac Incorporated To Present at the Keefe, Bruyette & Woods 2008 Insurance Conference
7. Vertrue Incorporated and Feed The Children Join Forces to Give Away $1 Million in Aid to Families in Need
8. Poniard Pharmaceuticals Reports Second Quarter 2008 Financial Results and Corporate Update
9. April Stewart Joins OrthoSynetics(TM) as Corporate Communications Manager
10. HealthSouth Appoints Mary Ann Arico as SVP - Investor Relations and Corporate Communications
11. Medical Devices Get Most Funding in Slow Stretch for VC: Mid-Year Results from Healthcare Corporate Finance News
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... ... PawPaws brand pet supplements owned by Whole Health Supply is ... of felines. The formula is all-natural and is made from Chinese herbs that have ... Kidney Support Supplement Soft Chews are Astragalus Root Extract and Rehmannia Root Extract ...
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica ... Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs ... Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, ...
(Date:6/25/2016)... ... ... As a lifelong Southern Californian, Dr. Omkar Marathe earned his Bachelors in ... School of Medicine at UCLA. He trained in Internal Medicine at Scripps Green Hospital ... at the UCLA-Olive View-Cedars Sinai program where he had the opportunity to train in ...
(Date:6/24/2016)... Los Angeles, CA (PRWEB) , ... June 24, 2016 , ... ... plastic surgery procedures that most people are unfamiliar with. The article goes on to ... known procedures, but also many of these less common operations such as calf and ...
(Date:6/24/2016)... ... June 24, 2016 , ... The ... in Dallas that it will receive two significant new grants to support its ... PHA marked its 25th anniversary by recognizing patients, medical professionals and scientists for ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 ... CAPR ), a biotechnology company focused on ... today announced that patient enrollment in its ongoing ... Duchenne) has exceeded 50% of its 24-patient target. ... in the third quarter of 2016, and to ...
(Date:6/23/2016)... June 23, 2016 , , ... July 7, 2016 , , , , LOCATION: , , ... , , , EXPERT PANELISTS:  , , , Frost & ... Analyst, Christi Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, ... The global pharmaceutical industry is witnessing an exceptional era. Several new ...
(Date:6/23/2016)... June 23, 2016 Revolutionary technology ... Oticon , industry leaders in advanced audiology and ... Oticon Opn ™, the world,s first internet connected ... for IoT devices.      (Photo: http://photos.prnewswire.com/prnh/20160622/382240 ... a number of ,world firsts,: , TwinLink™ ...
Breaking Medicine Technology: