Tag: Chapter 11
Bankruptcy judge approves sale of CVS Health subsidiary Omnicare to GenieRX
PAWTUCKET – A Texas bankruptcy judge has approved the sale of CVS Health Corp.’s subsidiary Omnicare Inc. to GenieRX Holdings LLC for $250 million.
The...
Colorado medical-device maker admits to fraud scheme, faces up to $12.5M...
PROVIDENCE – Colorado-based Zynex Inc. admits to health care, securities and mail fraud and faces up to $12.5 million in fines, in a nonprosecution...
Transfer of Roger Williams, Fatima hospitals to state ownership set for...
The prospective buyer of Roger Williams Medical Center and Our Lady of Fatima Hospital missed the final, court-ordered deadline to close the deal, leaving the fate...
Club Wyndham Newport Overlook owners association files for bankruptcy
JAMESTOWN – The Newport Overlook Association, the nonprofit owners’ group which manages the timeshare property and common areas of the Wyndham Newport Overlook resort at 150...
CVS polishes off deal to buy former Rite Aid stores, prescription...
CVS Health Corp. has finished buying customer prescription files from hundreds of closed Rite Aid drugstores and is now running 63 of the defunct chain’s...
JoAnn closing all 800 stores across U.S.
PROVIDENCE – All 800 JoAnn stores across the nation will be closing, including one in Rhode Island, parent company JoAnn Inc. announced.
JoAnn, which has...
Federal bankruptcy court approves sale of Prospect’s R.I. hospitals
PROVIDENCE – The sale of Prospect Medical Holdings Inc.’s two Rhode Island hospitals cleared a crucial hurdle Wednesday, earning approval from a federal bankruptcy...
R.I. health care leaders urge federal bankruptcy judge to expedite sale...
An assortment of Rhode Island’s hospital leaders banded together Jan.22 in pleading for a federal bankruptcy judge to expedite approval of the sale of...
Bankruptcy judge grants Prospect access to $100M in loans
PROVIDENCE – Days after filing for bankruptcy, the owner of two safety net hospitals in Rhode Island was granted access to up to $100...
$175M acquisition is worth it for Lifespan
Despite facing financial challenges in the recent fiscal year, Lifespan Corp. is confident its $175 million purchase of two cash-strapped hospitals in Massachusetts will...
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