Gulf Coast Asks To Transfer Nursing Home Control In Ch. 11

By Vince Sullivan (November 4, 2021, 5:12 PM EDT) -- Bankrupt nursing home chain Gulf Coast Health Care asked a Delaware court late Wednesday for permission to offload its operational obligations for 24 of its facilities to a third party to help the company's Chapter 11 case wind down.

In a motion seeking approval for adoption of a management and operations transfer agreement for the 24 nursing homes leased from Omega Healthcare Investors Inc., Gulf Coast said the transfer would allow it to relieve itself of operating costs and bring in a new manager that would preserve patient care standards for its 2,200 residents.

Gulf Coast said the offloading of those...

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