Thomas Health interim cash collateral access extended through Feb. 21

By Caroline Salls

Pittsburgh, Feb. 13 – Thomas Health System, Inc.’s interim access the cash collateral of its bond trustee has been extended through Feb. 21, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Southern District of West Virginia.

As previously reported, the company originally obtained interim access to the cash collateral on Jan. 15. The final hearing was scheduled for Feb. 19.

However, Wednesday’s order said the cash collateral budget was scheduled to expire on Feb. 7 under the previous order.

The bond trustee and the official committee of unsecured creditors appointed for Thomas Health’s Chapter 11 case agreed to the extension.

The cash collateral is being used to fund Thomas Health’s operations while in bankruptcy.

Thomas Health is a South Charleston, W.Va.-based health care provider. It filed bankruptcy on Jan. 10 under Chapter 11 case number 20-20007.

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