Quincy Medical Center's Ch. 11 Plan Gets Nod
Under the plan confirmed by U.S. Bankruptcy Judge Melvin Hoffman, the small nonprofit hospital will use proceeds from its sale to pay secured and priority claims, and fund a liquidation trust for general unsecured creditors. The court on Sept. 26 authorized the sale, which the companies consummated on Oct. 1.
Quincy estimates that unsecured...
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