Petersen Health Care Financial Trouble

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Despite financial struggles, Petersen Health Care says it's …

(6 days ago) WEBPEORIA – Financial problems at Petersen Health Care will not lead to the demise of the company, said David Campbell, a financial adviser hired by Petersen to help it …

https://www.msn.com/en-us/money/insurance/despite-financial-strugglespetersen-health-care-says-its-not-going-out-of-business/ar-BB1k97hk

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Petersen Health Care will borrow cash to stay operational …

(8 days ago) WEBPetersen Health Care will be allowed to tap into a line of credit of up to $45 million as the company's bankruptcy case proceeds through court. U.S. Bankruptcy …

https://www.wglt.org/illinois/2024-05-16/petersen-health-care-will-borrow-cash-to-stay-operational-during-bankruptcy-proceedings

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Petersen's sale of nursing homes hits a snag as creditor objects to

(8 days ago) WEBPetersen Health Care. A federal bankruptcy judge is encouraging Petersen Health Care to work out a dispute with one of its creditors and avoid a protracted legal …

https://www.wcbu.org/local-news/2024-04-25/petersens-sale-of-nursing-homes-hits-a-snag-as-creditor-objects-to-bankruptcy-process

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Judge clears way for new Petersen Health financing as bankruptcy

(5 days ago) WEBPetersen Health Care can borrow $45 million while in Chapter 11 bankruptcy to maintain operations at its nursing homes and make the properties more appealing to …

https://www.mcknights.com/news/judge-clears-way-for-new-petersen-health-financing-as-bankruptcy-advances/

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Petersen Health Care in battle for $50 million share of massive …

(7 days ago) WEBAn operator of nearly 100 Midwest care facilities is now embroiled in a two-front legal battle over more than $50 million in loans. Two lenders say that Petersen …

https://www.mcknights.com/news/petersen-health-care-in-battle-for-50-million-share-of-massive-nursing-home-portfolio/

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17 Petersen Nursing Homes Embroiled in Foreclosure Suits …

(6 days ago) WEBPetersen Health Care faces two foreclosure cases filed in the Illinois Northern District Court – litigation is linked to an alleged failure to repay nearly $51 …

https://skillednursingnews.com/2024/02/17-petersen-nursing-homes-embroiled-in-foreclosure-suits-involving-nearly-51m-in-loans/

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Peoria-based Petersen Health Care files for Chapter 11 bankruptcy

(8 days ago) WEBPeoria long-term care facility owner Petersen Health Care is filing for Chapter 11 bankruptcy. The petition was filed this week in the U.S. Bankruptcy Court for …

https://www.wcbu.org/local-news/2024-03-21/peoria-based-petersen-health-care-files-for-chapter-11-bankruptcy

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Nursing home system faces foreclosure amid $51M in unpaid debt

(5 days ago) WEBA Peoria, Ill.-based nursing home and assisted living company has entered foreclosure proceedings after lenders alleged it owes $51 million in unpaid debts, the …

https://www.beckershospitalreview.com/post-acute/nursing-home-system-faces-foreclosure-amid-51m-in-unpaid-debt.html

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Petersen Health Care faces foreclosure on nearly $51 million in …

(2 days ago) WEBPetersen Health Care was founded in 1974 and owns nearly 100 senior living facilities in Illinois, Iowa and Missouri. The company is based in Peoria at 830 W. Trailcreek Drive. …

https://www.msn.com/en-us/money/companies/petersen-health-care-faces-foreclosure-on-nearly-51-million-in-loans/ar-BB1hNKdv

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Petersen Health Care plans to stay in business amid allegations of …

(5 days ago) WEBPetersen Health Care plans to remain in business despite allegedly owing more than $55 million to two lenders now seeking to make good on that debt in federal …

https://www.wcbu.org/local-news/2024-02-26/petersen-health-care-plans-to-stay-in-business-amid-allegations-of-55-million-owed-according-to-report

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Petersen Health Care files for bankruptcy amid financial - MSN

(1 days ago) WEBPEORIA - Petersen Health Care filed for bankruptcy March 20. The Peoria-based company filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware to facilitate …

https://www.msn.com/en-us/money/companies/petersen-health-care-files-for-bankruptcy-amid-financial-struggles-plans-to-restructure/ar-BB1kiKxK

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Nursing Home Chain Petersen Health Files for Bankruptcy

(3 days ago) WEBMidwest nursing home chain Petersen Health Care has filed for bankruptcy less than two months after it was hit with lawsuits alleging it defaulted on loans of more …

https://www.wsj.com/articles/nursing-home-chain-petersen-health-files-for-bankruptcy-a923546c

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Senior Living Firm Petersen Health Care Plans Bankruptcy Filing

(3 days ago) WEBPetersen Health Care Inc., which runs around 100 nursing homes and assisted living facilities in the US Midwest, is preparing to file for Chapter 11 bankruptcy …

https://news.bloomberglaw.com/insurance/senior-living-firm-petersen-health-care-plans-bankruptcy-filing

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Senior Living Firm Petersen Health Care Plans Bankruptcy Filing

(4 days ago) WEB1:06. Petersen Health Care Inc., which runs around 100 nursing homes and assisted living facilities in the US Midwest, is preparing to file for Chapter 11 bankruptcy …

https://www.bloomberg.com/news/articles/2024-02-16/senior-living-firm-petersen-health-care-plans-bankruptcy-filing

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Two more Petersen Health Care facilities are placed in receivership

(9 days ago) WEBX-Caliber Capital alleges Petersen Health Care is in default for more than $5.5 million in loans to those facilities. Ninteen Petersen Health Care facilities across …

https://www.statesman.com/story/news/healthcare/2024/02/16/two-more-petersen-health-care-facilities-are-placed-in-receivership/72615039007/

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US-based Petersen Health Care files for Chapter 11 bankruptcy

(5 days ago) WEBPetersen Health Care has secured a $45m debtor-in-possession financing commitment, which is currently subject to receipt of court approval. The funding is intended to cover …

https://www.msn.com/en-us/money/companies/us-based-petersen-health-care-files-for-chapter-11-bankruptcy/ar-BB1kjuEF

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Petersen Health Care has no plans to go out of business, despite …

(7 days ago) WEBFollowing widespread media reports citing unnamed sources that Petersen Health Care is planning to file for bankruptcy, the operator of nearly 100 care facilities in …

https://www.mcknights.com/news/petersen-health-care-has-no-plans-to-go-out-of-business-despite-all-too-familiar-challenges-rep/

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Petersen Health Care Lawsuits - Your Health Improve

(1 days ago) WEBNine more Petersen Health Care facilities are placed into - MSN. Health (4 days ago) WebIn that case, X-Caliber Funding LLC claims that Petersen Health Care …

https://www.mediwells.com/?petersen-health-care-lawsuits/

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Hudsonview Health Care Center Nursing Home in North Bergen, NJ

(9 days ago) WEBHudsonview Health Care Center is a nursing home in North Bergen, NJ. See rating information based on medical outcomes, staffing, health & safety inspections and more.

https://health.usnews.com/best-nursing-homes/area/nj/hudsonview-health-care-center-315112

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Operator disagrees with $3M settlement over wage violations

(Just Now) WEBThe department last week announced that Petersen Health Care, of Peoria, IL., was ordered to pay back $2,939,576 in back overtime wages to more than 3,000 …

https://www.mcknights.com/news/operator-disagrees-with-3m-settlement-over-wage-violations/

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Nine more Petersen Health Care facilities are placed into - MSN

(4 days ago) WEBIn that case, X-Caliber Funding LLC claims that Petersen Health Care owes more than $31 million. Petersen Health Care was founded in 1974 and owns nearly 100 senior living …

https://www.msn.com/en-us/money/companies/nine-more-petersen-health-care-facilities-are-placed-into-receivership/ar-BB1i00IN

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Healthcare Financing The Capital Lenders Montclair, NJ

(6 days ago) WEBThe Capital Lenders are committed to providing a wide range of healthcare financing services so that we can take care of those who keep our nation healthy. Contact Us …

https://www.thecapitallenders.com/commercial-financing/healthcare-financing/

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