December 27, 2018 / 9:29 PM / a month ago

Bankrupt Promise Healthcare gets $63 mln offer for Florida facilities

Nursing home and hospital chain Promise Healthcare Group sought a court order on Wednesday approving a $63 million offer for its Florida facilities as it pursues sales of its assets in bankruptcy.

Promise in a filing in U.S. Bankruptcy Court in Delaware on Wednesday said the offer by Select Medical Corp, which operates long-term acute care hospitals and other healthcare centers across the United States, is a stalking-horse bid, meaning it will put a floor on other bids.

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