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Prospect News home > News index > List of issuers T > Headlines for TM Healthcare Holdings, LLC > News item
Published on 1/22/2021 in the Prospect News Distressed Debt Daily.

TM Healthcare gets final approval to access lenders’ cash collateral

By Sarah Lizee

Olympia, Wash., Jan. 22 – TM Healthcare Holdings, LLC obtained final court approval to use the cash collateral of its pre-bankruptcy secured lenders, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of Florida.

As previously reported, the debtor plans to use the funds for its operations while in Chapter 11.

Lender agent KeyBank has consented to the cash collateral use.

Stuart, Fla.-based TM operates treatment centers for the treatment of alcohol and drug addiction. The company filed Chapter 11 bankruptcy on Sept. 17 under case number 20-20024.


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