Saint Vincent granted two-month exclusive plan vote solicitation period extension

By Caroline Salls

Pittsburgh, March 23 - Saint Vincent Catholic Medical Centers obtained an extension to its exclusive period to solicit votes on its plan of reorganization, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company's exclusive solicitation period was extended to July 15 from May 8.

According to the motion, the disclosure statement hearing is scheduled for April 20, leaving the company with only 18 days to complete the solicitation of plan votes under the current exclusive period.

Saint Vincent said even if the disclosure statement approval order is entered on April 20, it will take roughly seven business days to compile, print and distribute solicitation packages to all voting parties, leaving voters less than a week to return completed ballots.

The New York metropolitan area health care system filed for bankruptcy on July 5, 2005. Its Chapter 11 case number is 05-14945.

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