Gulf Coast Health Care is one step closer to getting its liquidation plan signed off by a judge after the bankrupt nursing home chain indicated it had agreed to increase recoveries for unsecured creditors. Gulf Coast’s original plan was rejected by a judge “for not meeting its burden to sign away creditors’ claims against third […]
Eagle Arc Partners
Six months after Gulf Coast Health Care filed for bankruptcy, the skilled nursing operator with 28 facilities in Florida, Georgia and Mississippi announced the company has since dissolved. “Gulf Coast Health Care was a leading provider in the long term industry serving in the Southeastern United States. Having operated numerous skilled nursing and assisted living […]
An operator with 28 skilled nursing facilities in Florida, Georgia and Mississippi has filed for Chapter 11 bankruptcy, citing “significant fiscal challenges” stemming from the COVID-19 pandemic. Pensacola, Fla.-based Gulf Coast Health Care LLC reported in documents filed in U.S. Bankruptcy Court for the District of Delaware that it has reached a proposed restructuring support […]
A sweeping portfolio deal on behalf of Eagle Arc Partners marked the first transaction for Capital Funding Group’s new credit venture — with a $317.5 million price tag. The Baltimore-based lending and finance firm closed the bridge-to-Department of Housing and Urban Development (HUD) acquisition loan through its CFG Credit Partners entity. The $300 million-plus deal […]
Eagle Arc Partners, formerly known as BM Eagle Holdings, has acquired 20 skilled nursing facilities — the majority of which are located in Florida, along with properties in Georgia and Mississippi. The price of the sale was not disclosed; two operators who were also not disclosed partnered with Eagle Arc on the sale. The process […]
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