Desert Home Care’s asset sale hearing moved to March 1

By Sarah Lizee

Olympia, Wash., Feb. 17 – Borrego Community Health Foundation, which does business as Desert Home Care, had its asset sale hearing moved to March 1 from Feb. 22, according to a notice filed with the U.S. Bankruptcy Court for the Southern District of California.

As previously reported, on Feb. 15 the company named Desert AIDS Project (doing business as DAP Health) the winning bidder for its assets.

DAP offered a cash consideration of $50 million, payment of cure costs, assumption of liabilities and funding of pre-closing net operational cash flow losses.

Altamed Health Services Corp. was named backup bidder.

The San Diego-based provider of in-home skilled nursing services filed Chapter 11 bankruptcy on Sept. 12 under case number 22-02384.

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