New LifeCare identifies winning bidders for three groups of assets

By Caroline Salls

Pittsburgh, Aug. 9 – Hospital Acquisition LLC, which operates numerous New LifeCare and LifeCare medical facilities, announced the winning bidders for three groups of assets in a notice filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The company said PAM Squared, LLC was the high bidder for the assets related to LifeCare Hospitals of Shreveport’s North Campus and Pierremont Campus, Tahoe Pacific Hospitals North and Meadows, LifeCare Hospitals Of Dayton, Colorado Acute Long Term Hospital, LifeCare Hospitals Of North Carolina, LifeCare Hospitals Of San Antonio, Complex Care Hospital At Tenaya and Complex Care Hospital At Ridgelake.

LifeCare 2.0, LLC was the winning bidder for the assets related to Lifecare Behavioral Health Hospital of Pittsburgh, Lifecare Hospitals of Dallas, Lifecare Hospitals of Fort Worth, Lifecare Hospitals of Plano and Lifecare Hospitals of Pittsburgh (Main Campus).

Select Medical Corp. was the high bidder for the assets related to LifeCare Hospitals of Pittsburgh (Alle-Kiski Campus).

The purchase prices were not disclosed in Thursday’s notice.

The sale hearing is scheduled for Aug. 13.

LifeCare, a Plano, Tex.-based health care consulting and management services company, filed for bankruptcy on May 6. The Chapter 11 case number is 19-10998.

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