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HCR Manorcare Approved For Quick Trip Through Bankruptcy

Law360, Wilmington (March 6, 2018, 9:53 PM EST) -- Long-term health care provider HCR Manorcare Inc. received bankruptcy court approval Tuesday in Delaware for a rapid Chapter 11 process that will see its prepackaged plan of reorganization up for confirmation in five weeks.

During a first-day hearing in Wilmington, HCR Manorcare attorney Dennis M. Twomey of Sidley Austin LLP told the court the debtor had reached terms with more than 80 percent of its stakeholders and its leaseholder Quality Care Properties on a restructuring support agreement for the plan that will see the equity in...
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