Subscribe
Business

LifeCare files for Ch. 11 bankruptcy protection

By Washington Examiner
Published
Add Washington Examiner on Google

NEW YORK (AP) — Overwhelmed with $576 million in debt, hospital operator LifeCare has filed for Chapter 11 bankruptcy protection, and plans to sell itself.

The Plano, Texas, chain runs 27 long-term hospitals Texas, Pennsylvania, and eight other states. It said it will continue to do business and pay its employees through the bankruptcy process.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.