Promise Healthcare's $90M Ch. 11 Hospital Sales OK'd

Law360, Wilmington (February 26, 2019, 6:27 PM EST) -- A Delaware federal judge on Tuesday gave his nod to the sale of Promise Healthcare Group LLC's remaining assets, including about a dozen hospitals, for roughly $90 million to multiple buyers.

At a hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi said he would sign off on the sale once finalized versions of the sale orders are submitted to the court. Promise told the judge most objections to the sales were resolved before the hearing with some assumption and cure matters adjourned for a later date.

The sales are the latest in a series of transactions already approved by the...

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