Petersen Health Care Lawsuit 2023

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Petersen's sale of nursing homes hits a snag as creditor objects to

(8 days ago) WEBA federal bankruptcy judge is encouraging Petersen Health Care to work out a dispute with one of its creditors and avoid a protracted legal fight that could drag out uncertainty for nursing home residents and their families. Judge Thomas Horan of the …

https://www.wcbu.org/local-news/2024-04-25/petersens-sale-of-nursing-homes-hits-a-snag-as-creditor-objects-to-bankruptcy-process

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Nine more Petersen Health Care facilities are placed into - MSN

(4 days ago) WEBIn that case, X-Caliber Funding LLC claims that Petersen Health Care owes more than $31 million. Petersen Health Care was founded in 1974 and owns nearly 100 senior living …

https://www.msn.com/en-us/money/companies/nine-more-petersen-health-care-facilities-are-placed-into-receivership/ar-BB1i00IN

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Peoria nursing home company solves dispute with creditor over …

(7 days ago) WEBZach Roth. Peoria Journal Star. Court documents filed shortly after Petersen Health Care filed for Chapter 11 bankruptcy state that there was around $290 million in …

https://www.pjstar.com/story/business/2024/05/17/petersen-health-care-solves-dispute-over-finances-amid-bankruptcy/73687069007/

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Petersen Health Care will borrow cash to stay operational during

(8 days ago) WEBPublished May 16, 2024 at 11:16 AM CDT. Petersen Health Care will be allowed to tap into a line of credit of up to $45 million as the company's bankruptcy case …

https://www.wglt.org/illinois/2024-05-16/petersen-health-care-will-borrow-cash-to-stay-operational-during-bankruptcy-proceedings

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17 Petersen Nursing Homes Embroiled in Foreclosure Suits …

(6 days ago) WEBPetersen Health Care, an Illinois-based nursing home operator, faces two foreclosure cases involving nearly $51 million in unpaid loans. The cases affect 17 of its …

https://skillednursingnews.com/2024/02/17-petersen-nursing-homes-embroiled-in-foreclosure-suits-involving-nearly-51m-in-loans/

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Peoria nursing home company faces foreclosure on 17 properties

(Just Now) WEBA complaint filed Jan. 23 in the Illinois Northern District Court by X-Caliber Funding said Petersen Health Care defaulted on loans on Dec. 29, 2023. They're …

https://www.nprillinois.org/illinois/2024-02-05/peoria-nursing-home-company-faces-foreclosure-on-17-properties

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Central Illinois nursing home company faces foreclosure on 17

(3 days ago) WEBThe Peoria-based company defaulted on loans worth $51 million in December 2023, allegedly due to a ransomware attack. Lenders have requested court-appointed …

https://www.wglt.org/illinois/2024-02-05/peoria-nursing-home-company-faces-foreclosure-on-17-properties

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Petersen Health Care faces foreclosure on nearly $51 million in loans

(6 days ago) WEBPEORIA – Two lenders are alleging Petersen Health Care failed to repay a total of nearly $51 million in loans. Seventeen health care facilities owned by the Peoria …

https://www.pjstar.com/story/news/2024/02/05/peoria-based-health-care-company-facing-foreclosure-on-massive-loans/72473561007/

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U.S. District Court Returns Nursing Home Case for Further …

(5 days ago) WEBAnita Martin sued Petersen Health Care for the death of her mother, Marlene Hill, in a nursing home in Bloomington, Illinois, alleging gross negligence and …

https://www.robertkreisman.com/nursing-home-lawyer/u-s-district-court-returns-nursing-home-case-for-further-disposition-regarding-wrongful-death-related-to-covid-19/

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Nursing home co. Petersen Health likely to break up in bankruptcy …

(6 days ago) WEBElder care company Petersen Health Care plans to sell its nursing homes to new care providers in bankruptcy, likely dividing its assets among multiple buyers, a …

https://www.reuters.com/legal/litigation/nursing-home-co-petersen-health-likely-break-up-bankruptcy-sale-2024-03-22/

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Petersen Health Care Files Voluntary Petition for Relief Under …

(2 days ago) WEBPEORIA, Ill., March 20, 2024--Petersen Health Care ("Petersen" or "The Company"), an operator of nursing homes and assisted living and long-term care facilities in Illinois, …

https://finance.yahoo.com/news/petersen-health-care-files-voluntary-222600307.html

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Nursing home co. Petersen files for bankruptcy after cyberattacks

(7 days ago) WEBAcross the U.S., 579 facilities have closed, resulting in 45,217 fewer beds for patients, according to American Health Care Association statistics from August 2023. …

https://www.nasdaq.com/articles/nursing-home-co.-petersen-files-for-bankruptcy-after-cyberattacks

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Peoria-based Petersen Health Care seeks bankruptcy protection to …

(7 days ago) WEB16 hours ago. PEORIA, Ill. (WMBD) — A company that operates several nursing homes and assisted living facilities in the area has filed for bankruptcy. …

https://www.centralillinoisproud.com/news/local-news/peoria-based-petersen-health-care-seeks-bankruptcy-protection-to-work-out-its-debts/

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Petersen's sale of nursing homes hits a snag as creditor objects to

(6 days ago) WEBA federal bankruptcy judge is encouraging Petersen Health Care to work out a dispute with one of its creditors and avoid a protracted legal fight that could drag …

https://www.wglt.org/illinois/2024-04-25/petersens-sale-of-nursing-homes-hits-a-snag-as-creditor-objects-to-bankruptcy-process

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Multiple local nursing facilities at risk of foreclosure, according to

(4 days ago) WEBPublished: Feb. 19, 2024 at 6:29 PM PST. PEORIA (25News Now) - Seven local nursing and long-term care facilities are at risk of foreclosure as their Peoria-based parent …

https://www.25newsnow.com/2024/02/20/multiple-local-nursing-facilities-risk-foreclosure-according-court-documents/

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Nursing home co. Petersen files for bankruptcy after cyberattacks

(3 days ago) WEBLoan defaults caused 19 properties to enter receivership. NEW YORK, March 21 (Reuters) - Petersen Health Care, one of the largest nursing home operators …

https://www.reuters.com/legal/litigation/nursing-home-co-petersen-files-bankruptcy-after-cyberattacks-2024-03-21/

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Nursing home system faces foreclosure amid $51M in unpaid debt

(5 days ago) WEBA Peoria, Ill.-based nursing home and assisted living company has entered foreclosure proceedings after lenders alleged it owes $51 million in unpaid debts, the …

https://www.beckershospitalreview.com/post-acute/nursing-home-system-faces-foreclosure-amid-51m-in-unpaid-debt.html

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Operator disagrees with $3M settlement over wage violations

(Just Now) WEBA Illinois-based skilled nursing operator is paying up but also pushing back against Department of Labor claims in a $3 million wage violation settlement. “Petersen …

https://www.mcknights.com/news/operator-disagrees-with-3m-settlement-over-wage-violations/

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Martin v. Petersen Health Operations, LLC, No. 21-2959 (7th Cir.

(9 days ago) WEBA nursing home resident died of COVID-19 and her estate sued under the Illinois Nursing Home Care Act. The court held that the suit was not removable to …

https://law.justia.com/cases/federal/appellate-courts/ca7/21-2959/21-2959-2022-06-15.html

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Petersen Health Care in battle for $50 million share of massive …

(7 days ago) WEBAn operator of nearly 100 Midwest care facilities is now embroiled in a two-front legal battle over more than $50 million in loans. Two lenders say that Petersen …

https://www.mcknights.com/news/petersen-health-care-in-battle-for-50-million-share-of-massive-nursing-home-portfolio/

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Petersen Health Care Files for Bankruptcy Following Ransomware …

(Just Now) WEBPosted By Steve Alder on Mar 22, 2024. Peoria, Illinois-based Petersen Health Care, one of the largest operators of nursing homes in the United States, filed for …

https://www.hipaajournal.com/petersen-health-care-files-for-bankruptcy-following-ransomware-attacks/

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Senior Living Firm Petersen Health Care Plans Bankruptcy Filing

(4 days ago) WEB1:06. Petersen Health Care Inc., which runs around 100 nursing homes and assisted living facilities in the US Midwest, is preparing to file for Chapter 11 bankruptcy …

https://www.bloomberg.com/news/articles/2024-02-16/senior-living-firm-petersen-health-care-plans-bankruptcy-filing

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