Former Spheris' liquidation plan approved by most voting creditors

By Caroline Salls

Pittsburgh, Aug. 24 - SP Wind Down Inc.'s plan of liquidation has been accepted by a majority of voting creditors, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, 19 holders, or 95% in number, of $197,491, or 99.85% in amount, of general unsecured claims voted to accept the plan, while one holder, or 5% in number, of $300, or 0.15% in amount, of these claims voted to reject it.

In addition, 31 holders, or 96.88% in number, of $102.87 million, or 99.9903% in amount, of senior subordinated note claims voted to accept the plan, while one holder, or 3.12% in number, of $1,000, or 0.00097% in amount, of these claims voted to reject it.

The plan confirmation hearing is scheduled for Thursday.

SP Wind Down was formerly Spheris Inc., a Franklin, Tenn.-based outsource provider of clinical documentation technology and services to health systems, hospitals and group medical practices throughout the United States. The company filed for bankruptcy on Feb. 3, 2010. The Chapter 11 case number is 10-10352.

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