Verity Health System of California granted extension of plan periods

By Caroline Salls

Pittsburgh, Dec. 6 – Verity Health Care System of California, Inc. obtained an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the Central District of California.

The company’s exclusive filing period was extended through Dec. 31 from Oct. 25 and the solicitation period to Feb. 29 from Dec. 24.

Verity said it has made significant progress in resolving a number of issues raised by stakeholders in connection with a liquidation plan and disclosure statement.

However, the company said it needs more time to address issues that could affect the plan, including sale issues, the transfer of its Medicare provider agreement and pending and expected appeals.

Verity is a Los Angeles-based nonprofit health care system. The company filed bankruptcy on Aug. 31, 2018 under Chapter 11 case number 18-20151.

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