Senior Care Centers gets OK of three-month exclusivity extension

By Caroline Salls

Pittsburgh, March 29 – Senior Care Centers LLC obtained an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.

The company’s exclusive plan-filing period was extended through July 2 from April 3 and the solicitation period through Sept. 1 from June 3.

Senior Care Centers said in the motion that it is negotiating dozens of operations transfer agreements with landlords, new operators, regulators and other parties in interest.

“Following the transition of a large number of these facilities, the company said it will undertake a sales process.

“A successful plan result is far more likely as this process takes shape,” the motion said.

Senior Care Centers is a Dallas-based skilled nursing and long-term care industry leader in Texas and Louisiana. The company filed bankruptcy on Dec. 4, 2018 under Chapter 11 case number 18-33967.

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