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:10/13/2017)... ... , ... While it’s often important to take certain medications during the night, ... has identified a solution. , She developed a prototype for MOTION LIGHT-UP PILL BOX ... eliminates the need to turn on a light when taking medication during the night, ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... PurhealthRX ... CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil will ... and providing a CBD form that can be easily incorporated into liquid products, while ...
(Date:10/13/2017)... ... ... Apple Rehab Shelton Lakes , which specializes in the delivery of ... part of a disaster drill on October 3rd. , Apple Rehab participated with the ... as well as the Connecticut Long Term Care Mutual Aid Plan (LTC-MAP). The ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Ellevate Network, ... in business to advocate for action towards gender equality at their inaugural Summit in ... around the globe, and reached a social audience of over 3 million. To watch ...
(Date:10/13/2017)... ... , ... Talented host, actor Rob Lowe, is introducing a ... episode of "Success Files," which is an award-winning educational program broadcasted on PBS ... in-depth with passion and integrity. , Sciatica occurs when the sciatic nerve in ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... --  Divoti USA will engrave and process all ... the latest FDA requirements, which stipulates new criteria regarding medical device ... of Medical ID jewelry such as Medical ID Bracelets, can rest ... terms of the new FDA requirements . ... Divoti offers this dark mark fiber laser engraving ...
(Date:10/11/2017)... , Oct. 11, 2017  Hill-Rom Holdings, Inc. ... Aspen Surgical facility in Las Piedras, Puerto ... scalpels and blades. ... that the facility sustained minor structural damage, temporary loss ... Maria. Repairs have been completed, manufacturing operations have resumed, ...
(Date:10/4/2017)... SEOUL, South Korea , Oct. 4, 2017 /PRNewswire/ ... launched its next-generation CPR training aide "cprCUBE" on Kickstarter. ... of chest compression during cardiac arrests with better efficiency ... patient-mannequins. It also offers real-time feedback on efficacy of ... The crowdfunding campaign has a goal to raise ...
Breaking Medicine Technology: