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Published on 2/27/2008 in the Prospect News Distressed Debt Daily.

Haven Healthcare seeks three-month exclusivity extension to identify investors

By Caroline Salls

Pittsburgh, Feb. 27 - Haven Healthcare Management, LLC requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Connecticut.

The company wants to extend its exclusive plan-filing period to 90 days from March 19 and the solicitation period to 90 days from May 18.

Haven said termination of its exclusivity period at this time would hinder its efforts to identify potential investors.

A hearing is scheduled for March 6.

Haven, a Middletown, Conn.-based nursing home operator, filed for bankruptcy on Nov. 20. Its Chapter 11 case number is 07-32722.


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