On April 19, 2017, Adeptus Health Inc. announced that it has teamed up with Deerfield Management Company and certain of its other creditors on the terms of a comprehensive financial restructuring plan. In addition to putting the Company in a strong financial position, this plan will provide Adeptus with a long-term partner that supports our mission to provide access to the highest-quality medical care to the communities we serve. As expected, to implement the plan, Adeptus elected to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas.
Importantly, all of the Company’s owned and joint-venture freestanding emergency rooms are continuing to operate as normal. These facilities are open and continuing to serve patients with the same high-quality care and medical attention for which they are known.
Case Information: Court filings and other information related to the court-supervised proceedings are available on a separate website administered by Adeptus Health’s claims agent, Epiq Systems, at http://dm.epiq11.com/ADPT.
Restructuring Hotline: Adeptus has established a toll-free Restructuring Hotline at (844) 469-3932.
- Adeptus Health and Deerfield Collaborate on Comprehensive Financial Restructuring Plan - April 19, 2017
Michael Freitag / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher