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Published on 3/26/2008 in the Prospect News Distressed Debt Daily.

Haven Healthcare exclusive plan-filing period extended through April 1 hearing date

By Caroline Salls

Pittsburgh, March 26 - Haven Healthcare Management LLC received a bridge extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Connecticut.

Specifically, the company's exclusive periods were extended through the April 1 hearing on approval of the full extension. The hearing was previously scheduled for March 26.

As previously reported, Haven Healthcare wants to extend its exclusive plan-filing period to 90 days from March 19 and the solicitation period to 90 days from May 18.

In its motion requesting the extension, Haven said termination of its exclusivity period at this time would hinder its efforts to identify potential investors.

Haven, a Middletown, Conn.-based nursing home operator, filed for bankruptcy on Nov. 20. Its Chapter 11 case number is 07-32722.


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