To implement the plan, Quorum Health filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Court”). We believe the RSA will significantly reduce our debt and annual interest expense and better position our company, our affiliated hospitals, and our hospital management and consulting company, for future growth. Our hallmark: innovative technology, and superior administrative and consulting support, customized to your needs. ©
In connection with the RSA and the expected Chapter 11 filing, Quorum Health has received a commitment for debtor-in-possession (“DIP”) financing consisting of $100 million, from certain of its existing noteholders. Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States. If the claim is secured by the debtor’s principal residence, file a Mortgage Proof of Claim Attachment (official Form We are grateful for the support of our financial stakeholders, which we believe represents a statement of confidence in our business and enables us to move through this process on an expedited basis,” Fish continued. The intent of the plan is to ensure that patients and families experience the same care that exists today. Our highly secure, geographically-dispersed data centers exceed industry standards, safeguarding claimants’ rights and your clients’ critical information. About Quorum Health Corporation Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States . A claim may be partly priority and partly nonpriority. Corporate Restructuring/Chapter 11 We’re the industry leader in helping you solve your restructuring challenges—no matter how complex—with clarity, agility and confidence. Page 2 of 2 9.
McDermott Will & Emery LLP and Wachtell, Lipton, Rosen & Katz are serving as the Company’s legal counsel, MTS Health Partners, L.P. is serving as its financial advisor and Alvarez & Marsal North America, LLC. Official Form 410 Proof of Claim page312. From two modern printing facilities with coast-to-coast coverage and 24/7 call centers staffed by highly trained multi-lingual operators, and flexible reliable disbursement services, we never have to outsource, we completely control the process, so you can avoid risk. The Company also operates Quorum Health Resources, LLC, a leading hospital management advisory and consulting services business. is serving as restructuring advisor. We’ve outperformed in hundreds of matters and we continue to develop customized, cutting edge procedures to reduce case time and execution cost. Your comments were submitted to our website team. All such statements speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. This release contains forward-looking statements that address activities, events or developments that the Company expects, believes, targets or anticipates will or may occur in the future are forward-looking statements. As the world works to contain the spread of COVID-19, our team at Epiq is adapting to this rapidly evolving situation, implementing safety measures, and taking care of our employees, our partners and our clients. For example, in some categories, the law limits the amount entitled 2020
The claim is secured by a lien on property. Is all or part of the claim secured? “We believe the financial restructuring plan announced today will strengthen our business and enable our community hospitals to continue the important work they are doing in addressing the COVID-19 crisis, as well as serve their patients and communities,” said Bob Fish, Quorum Health Corporation President and Chief Executive Officer. Is all or part of the claim entitled to priority under 11 U.S.C. Nature of property: Real estate. Quorum Health and its hospitals are unaffected and all facilities are open
The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or “our” refer to Quorum Health Corporation or one or more of its subsidiaries or affiliates as applicable. “Quorum Health has been transparent about the need to restructure our debt over the past year. All rights reserved. Additional information can be accessed by visiting Quorum Health’s website at QuorumForward.com or calling Quorum Health’s Restructuring Hotline, toll-free in the U.S. at (866) 977‐0859, or (503) 597‐7702 for calls originating outside of the U.S. Court filings and other documents related to the court-supervised proceedings are available at a website administered by the Company’s claims agent, Epiq Corporate Restructuring, LLC, at The Company’s subsidiary, Quorum Health Resources, is also continuing to provide the same high quality services to its hospital, health system and healthcare provider clients.
Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 23 affiliated hospitals in rural and mid-sized markets located across 13 states with an aggregate of … Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 23 affiliated hospitals in rural and mid-sized markets located across 13 states with an aggregate of 1,950 licensed beds. No Yes. Epiq. Epiq’s strategic communications team can provide impactful, scalable, and cost effective communication to instill confidence and promote stability. Employees will be paid their wages and benefits in the ordinary course for the work they perform. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. Quorum Health-affiliated hospitals are focused on ensuring employees, physicians and providers can continue to provide quality care to the patients and communities they serve. By continuing to browse and accepting this banner, you consent to the storing of first and third-party cookies on your device to enhance site navigation, analyze site usage, and assist in Epiq’s marketing efforts. Upon Court approval, the new financing and cash generated from the Company’s ongoing operations will be used to support the business during the court-supervised process.
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