E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/14/2017 in the Prospect News Distressed Debt Daily.

Louisiana Heart Hospital case transferred to Eastern Louisiana court

By Caroline Salls

Pittsburgh, Feb. 14 – Louisiana Heart Hospital’s bankruptcy case has been transferred to the U.S. Bankruptcy Court for the Eastern District of Louisiana from the U.S. Bankruptcy Court for the District of Delaware, according to an order filed Tuesday with the Delaware court.

As previously reported, intellectual property technology services provider and unsecured creditor McKesson Technologies Inc. asked the Delaware court to approve the venue transfer.

“This court should transfer venue to the Louisiana court because it is in the best interests of patients and the other stakeholders to have the local bankruptcy court handle the wind down, closure and potential sale/liquidation of this single hospital located in Lacombe, La.,” McKesson said in the motion.

Other than the state of incorporation for its parent corporation, McKesson said Louisiana Heart Hospital has no connection to Delaware.

“All of the debtors’ assets and current employees and physicians are located in or near Lacombe,” the motion said. “No creditors are located in Delaware. All of the debtors’ records, including patient records, are located in Lacombe.”

The Lacombe, La.-based hospital filed bankruptcy on Jan. 30 under Chapter 11 case number 17-10201.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.