Skilled Nursing News June 3, 2024
LaVie Care Centers, operator of 43 skilled nursing and assisted living facilities, filed for Chapter 11 bankruptcy on Sunday.
Intending to facilitate an efficient financial restructuring plan with minimal disruption to its operations, LaVie filed voluntary petitions for relief under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Georgia.
Despite the bankruptcy filing, LaVie assured that its facilities would continue to operate as usual, ensuring uninterrupted care and treatment for its residents.
“The 43 facilities that are in the portfolio now, are free and clear [of liabilities] … This process was initiated to put the company in the best position for long-term success,” a spokesperson for LaVie told Skilled Nursing News. “The expectation is that...
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