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

HCR ManorCare Gets Consensual Plan Confirmation

Law360, Wilmington (April 13, 2018, 9:22 PM EDT) -- Bankrupt long-term assisted living provider HCR ManorCare Inc. coasted through a hearing Friday in Delaware where it received court approval for its Chapter 11 plan of reorganization with no outstanding objections.

During the hearing in Wilmington, debtor attorney Dennis M. Twomey of Sidley Austin LLP said the proposed plan to exchange $445 million in overdue rent obligations owed to the master lessor for most of its properties — Quality Care Properties — for the equity of a reorganized company took months of planning to get to...
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.