Quincy Medical Massachusetts HEFA bond trustee to make distribution

By Caroline Salls

Pittsburgh, Dec. 12 - The trustee for the Massachusetts Health and Educational Facilities Authority (Massachusetts HEFA), Quincy Medical Center's series A 2008 revenues bonds will make a $580,271 fourth default distribution to bondholders on Dec. 19, according to a notice from trustee US Bank.

The distribution will be made to bondholders of record as of Nov. 22.

As previously reported, the U.S. Bankruptcy Court for the District of Massachusetts confirmed Quincy Medical Center's joint Chapter 11 plan of liquidation in November 2011.

The liquidating trustee distributed $580,119 to the bond trustee on Nov. 6 to be further distributed under the bond indenture.

The funds for the fourth distribution will come from the amount from the liquidating trustee and other funds held by the bond trustee.

US Bank said it has previously made default distributions on Oct. 25, 2011, Dec, 28, 2011 and May 15, 2012.

Quincy Medical Center emerged from bankruptcy on Dec. 7, 2011. Its Chapter 11 case number is 11-16394.

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