OCA plan to be amended to incorporate business service agreement treatment stipulation

By Caroline Salls

Pittsburgh, Aug. 3 - OCA, Inc.'s plan of reorganization will be amended to include terms of a stipulation governing the treatment of business service agreements (BSAs), according to a Thursday filing with the U.S. Bankruptcy Court for the Eastern District of Louisiana.

Parties to the agreement include the company and several doctors who hold BSAs with OCA.

According to the stipulation, the plan will provide for the assumption of the BSAs, subject to the post-confirmation determination of issues related to their assumption or rejection.

The assumption of each BSA will be conditioned on the entry of a final order approving that assumption.

Also under the amended plan, the stipulating parties will not file any objections to plan confirmation.

OCA has agreed that any claim or action against the stipulating parties will be resolved through BSA litigation.

OCA, a Metairie, La., provider of business services to orthodontic and dental practices, filed for bankruptcy on March 14. The Chapter 11 case number is 06-10179.

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