Gulf Coast Health Care reports $651,154 net loss for January

By Sarah Lizee

Olympia, Wash., March 15 – Gulf Coast Health Care, LLC reported a $651,154 net loss on zero gross income/sales for the January period, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported a $2.46 million net loss on zero gross income/sales for the December period.

The company listed $22.36 million of cash at the end of January, compared to $23.64 million of cash at the end of December.

Pensacola, Fla.-based Gulf Coast Health Care is a nursing home chain. The company filed Chapter 11 bankruptcy on Oct. 14 under case number 21-11336.

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