Peterson Health Care News

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Despite financial struggles, Petersen Health Care says it's 'not …

(6 days ago) WEB0:04. 0:26. Nineteen of the Peoria-based company's nursing homes were placed into receivership earlier this year. Petersen says inadequate funding, a …

https://www.pjstar.com/story/news/local/2024/03/19/petersen-health-care-says-its-not-going-out-of-business-will-restructure/72972024007/

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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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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 Voluntary Petition for Relief Under …

(2 days ago) WEBPEORIA, Ill., March 20, 2024--Petersen Health Care ("Petersen" or "The Company"), an operator of nursing homes and assisted living and long-term care facilities in Illinois, …

https://finance.yahoo.com/news/petersen-health-care-files-voluntary-222600307.html

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Nursing home co. Petersen files for bankruptcy after cyberattacks

(6 days ago) WEBBy Dietrich Knauth. NEW YORK, March 21 (Reuters) - Petersen Health Care, one of the largest nursing home operators in the U.S., filed for bankruptcy on …

https://finance.yahoo.com/news/nursing-home-co-petersen-files-221325516.html

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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 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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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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Petersen bankruptcy likely to involve selling facilities to multiple

(4 days ago) WEBPhoto credit: KLH49/Getty Images. Long-term care operator Petersen Health Care said it lis likely to sell off blocks of its facilities as part of its efforts to …

https://www.mcknights.com/news/petersen-bankruptcy-likely-to-involve-selling-facilities-to-multiple-buyers-lawyer/

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Two more Petersen Health Care facilities in Illinois have been …

(7 days ago) WEBMore: Petersen Health Care faces foreclosure on nearly $51 million in loans The Peoria-based company issued a statement after the first group of properties were …

https://news.yahoo.com/two-more-petersen-health-care-103951567.html

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Nursing home co. Petersen Health likely to break up in bankruptcy …

(6 days ago) WEBFollow. NEW YORK, March 22 (Reuters) - Elder care company Petersen Health Care plans to sell its nursing homes to new care providers in bankruptcy, likely dividing its …

https://www.reuters.com/legal/litigation/nursing-home-co-petersen-health-likely-break-up-bankruptcy-sale-2024-03-22/

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Petersen Health Care Files Voluntary Petition for Relief Under …

(Just Now) WEBMarch 20, 2024 06:26 PM Eastern Daylight Time. PEORIA, Ill.-- ( BUSINESS WIRE )--Petersen Health Care (“Petersen” or “The Company”), an operator of nursing homes …

https://www.businesswire.com/news/home/20240320091540/en/Petersen-Health-Care-Files-Voluntary-Petition-for-Relief-Under-Chapter-11

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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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Nursing Home Chain Petersen Files for Chapter 11 Bankruptcy

(9 days ago) WEBPetersen secured a $45 million bankruptcy loan to pay operating expenses during its Chapter 11 case, Reuters reported. Filings showed a list of creditors with the …

https://skillednursingnews.com/2024/03/nursing-home-chain-petersen-files-for-chapter-11-bankruptcy/

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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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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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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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Kewanee Courtyard Estates among Petersen facilities placed in

(1 days ago) WEBX-Caliber Funding LLC claims that Petersen Health Care owes more than $31 million. Receivership means that Petersen Health Care is no longer running the …

https://kewaneevoice.com/kewanee-courtyard-estates-among-petersen-facilities-placed-in-receivership-heres-what-weve-learned-so-far/

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Petersen Health’s Sale of 8 Nursing Homes Delayed as Bankruptcy …

(Just Now) WEBPetersen Health Care’s sale of a number of its nursing homes is facing delays as a creditor is calling into question the Illinois-based nursing home operator’s ability to …

https://skillednursingnews.com/2024/04/petersen-healths-sale-of-8-nursing-homes-delayed-as-bankruptcy-filing-questioned/

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Peoria-based nursing home company found in violation of federal …

(7 days ago) WEBPetersen Health Care has been the subject of 30 federal labor investigations in the past 20 years. The DOL said its in release the company has …

https://www.wglt.org/local-news/2022-05-24/peoria-based-nursing-home-company-found-in-violation-of-federal-labor-laws

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Latest News Peterson Center on Healthcare

(2 days ago) WEBThe Peterson Center on Healthcare, a founding partner and governing member of Civica Rx, announced today $5 million of new funding to support an …

https://petersonhealthcare.org/latest-news

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Creditor dispute holds up major nursing home bankruptcy sale

(2 days ago) WEBPetersen Healthcare — operator of nearly 100 rural Midwest long-term care facilities — hit a snag last week in its plans to restructure and sell struggling facilities as …

https://www.mcknights.com/news/creditor-dispute-holds-up-major-nursing-home-bankruptcy-sale/

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News Peterson Health

(6 days ago) WEBPeterson Specialty Care ; Peterson Women’s Associates News Home; Peterson Hospice Hosts Spring Memorial to Honor Loved Ones; News. April 19, 2024 …

https://www.petersonhealth.com/news/

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PE-Owned Health Care Saw Bankruptcy Surge as Playbook Failed

(4 days ago) WEBPE-backed firms accounted for at least 17, or about a fifth, of the 80 bankruptcies of health-care companies last year, the Private Equity Stakeholder Project …

https://www.bloomberg.com/news/articles/2024-04-17/pe-owned-health-care-saw-surge-in-2023-bankruptcies-report-says

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UnitedHealth paid ransom in Change Healthcare cyberattack

(3 days ago) WEBChange Healthcare offers payment and revenue cycle management tools. The company facilitates more than 15 billion transactions annually, and 1 in every 3 …

https://www.nbcnews.com/health/health-care/change-healthcare-ransom-cyberattack-patient-data-rcna148959

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Senior Living Firm Petersen Health Care Files for Bankruptcy

(5 days ago) WEBPetersen Health Care Inc., a senior living and skilled nursing company that runs nearly 100 facilities in the US Midwest, filed for bankruptcy as the industry grapples …

https://news.bloomberglaw.com/bankruptcy-law/senior-living-firm-petersen-health-care-files-for-bankruptcy

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After downsizing health care for years, Pentagon says medical …

(Just Now) WEBBy moving medical care closer to the front, and treating combat wounds within the so-called "golden hour," or even the first 30 minutes after injury, casualty rates …

https://www.npr.org/2024/05/02/1246636334/pentagon-military-healthcare

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