Dallas nursing home operator seeks OK for $44 million Ch. 11 Sale

Nursing home

Dallas nursing home operator seeks OK for $44 million Ch. 11 Sale

Chelsey W. Vogt

July 15, 2022

By Rick Archer (July 15, 2022, 6:55 p.m. EDT) — Dallas-area nonprofit retirement home operator Christian Care Centers Inc. told a Texas bankruptcy judge on Friday that it would ask him to approve the sale of his assets to harassing bidder Horses in his Chapter 11 sale for $44.2 million.

The company told U.S. Bankruptcy Judge Stacey Jernigan that it had canceled an auction scheduled for Thursday and accepted the offer from North Texas Benevolent Holdings LLC, or NTBH, after receiving no other qualified offers by the deadline. July 12 offers.

CCCI, which operates three facilities in the Dallas-Fort Worth area with a total of 760 units, has filed for Chapter…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Stay one step ahead

Related posts: