We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bankrupt Hospital Laundry Co.'s $125M Sale To KKR OK'd

Law360, New York (June 23, 2017, 6:14 PM EDT) -- A New York bankruptcy judge on Friday approved the $125 million sale of Angelica Corp. to a KKR & Co. LP affiliate, saying he was satisfied the medical laundry and linen management company had fielded the best offer to continue as a going concern when it emerges from Chapter 11.

KKR Credit Advisors (US) LLC was put on a direct path to scoop up Angelica late last month when the hospital servicer canceled an auction and asked U.S. Bankruptcy Judge James L. Garrity Jr. to approve...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.