Trending...
- SPJ's Green Eyeshade Awards Journalism Competition, Celebrating 75 Years, Announces 2025 Honors
- Santa Monica Businesses Push Back on Bus Stop Relocation That Threatens Access and Safety
- GreenPal Empowers Lawn Care Pros Leveraging AI, Surpasses 5 Million Transactions
EAST AURORA, N.Y. - ncarol.com -- Absolut Facilities Management, LLC ("Absolut Care" or the "Company) announced that on September 10, 2019, it and certain of its subsidiaries each filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of New York.
These actions were taken in an effort to help the company financially reorganize itself and better position itself for the future. Similar to many other companies that have successfully utilized the chapter 11 process to restructure their finances, the Company expects to emerge from bankruptcy stronger than before.
While the Company intends to and has received regulatory approval to close its Absolute Care of Orchard Park facility, all of the Company's other facilities (Allegany, Aurora Park, Gasport, Orchard Brooke, Three Rivers and Westfield) will remain open, and will continue to conduct normal operations and provide usual services, including rehabilitation and nursing services and long-term adult care during, the restructuring process.
"As we have seen in recent days with the announcement of the closing of Newfane Hospital, health care generally, and specifically long termlong-term care, faces significant challenges," commented Israel Sherman, CEO of Absolut Care. "We are very confident that we will emerge a much stronger company after these legal proceedings are concluded. It is our expectation that during this process that Patient Care, our employees, and our commitment to excellence will remain our top priority."
More on ncarol.com
In addition, the Company expects to continue operating its business as usual with its vendors and suppliers during the chapter 11 process, as the Company will be paying in full for all goods and services provided after the filing date.
For more information about Absolut Care's restructuring, including access to Bankruptcy Case documents, please visit https://cases.primeclerk.com/absolutcare, call 877-504-0539 (for toll-free domestic calls) or 917-947-5416 (for tolled international calls), or email absolutinfo@primeclerk.com.
About the Company
Absolut Facilities Management, LLC operates senior care and skilled nursing health facilities across Western New York and Buffalo. The Facilities provide long-term care and rehabilitative services to approximately 10,000 patients.
These actions were taken in an effort to help the company financially reorganize itself and better position itself for the future. Similar to many other companies that have successfully utilized the chapter 11 process to restructure their finances, the Company expects to emerge from bankruptcy stronger than before.
While the Company intends to and has received regulatory approval to close its Absolute Care of Orchard Park facility, all of the Company's other facilities (Allegany, Aurora Park, Gasport, Orchard Brooke, Three Rivers and Westfield) will remain open, and will continue to conduct normal operations and provide usual services, including rehabilitation and nursing services and long-term adult care during, the restructuring process.
"As we have seen in recent days with the announcement of the closing of Newfane Hospital, health care generally, and specifically long termlong-term care, faces significant challenges," commented Israel Sherman, CEO of Absolut Care. "We are very confident that we will emerge a much stronger company after these legal proceedings are concluded. It is our expectation that during this process that Patient Care, our employees, and our commitment to excellence will remain our top priority."
More on ncarol.com
- Rent Like A Champion Acquires CollegeWeekends
- First Flight Society Celebrates National Aviation Day 2025 on Tuesday, August 19th
- Sumter Landing Dental Care Launches Summer Special on Full Mouth Reconstruction
- Seligson Law Launches New Website to Support Cannabis Businesses in California and New York
- Free Marketing Book Saves Brands from Being Ignored
In addition, the Company expects to continue operating its business as usual with its vendors and suppliers during the chapter 11 process, as the Company will be paying in full for all goods and services provided after the filing date.
For more information about Absolut Care's restructuring, including access to Bankruptcy Case documents, please visit https://cases.primeclerk.com/absolutcare, call 877-504-0539 (for toll-free domestic calls) or 917-947-5416 (for tolled international calls), or email absolutinfo@primeclerk.com.
About the Company
Absolut Facilities Management, LLC operates senior care and skilled nursing health facilities across Western New York and Buffalo. The Facilities provide long-term care and rehabilitative services to approximately 10,000 patients.
Source: Absolut Facilities Management, LLC
0 Comments
Latest on ncarol.com
- Yasmine Roulleau named Managing Director in Vancouver, Canada
- Chasing Elizabeth Taylor — The Dazzling True Story Behind the Queen of Diamonds Now Available in Limited-Edition Hardcover
- A Dream in Blue: Honoring Tony Treadwell's Lifelong Love of Football
- $53 Million Company Valuation Investment with Majority Acquisition Option, Plus New Stock CUSIP Supporting Brand Transition of Fan Engagement Company
- $14M Deal with Famed David Lloyd for Sports, Entertainment & Gaming, AI Powered Fan Engagement Company; New Stock CUSIP; Creating Shareholder Value
- Disposable Vape Ban Spurs Hayati Innovation
- Prolific Hollywood "Unknown Actor" Leads 11 Day SoCal, Hands-On, Performer Employment Securing Residency that Shows Others How to Get More Work
- Dr. Harmon Completes Prestigious Zygomatic Implant Residency in Brazil
- Agreement to Deliver Thin-Film Solar Technology to Space Solar Array Provider, NASA Collaborative Agreement for Orbital Applications in Power Beaming
- Iterators LLC Honored with IST82 State Award for Accessibility in Massachusetts
- Josh & Heidi Share Upcoming "Spreading the Good BUZZ" Podcast Guests, Select Top Five Elopement Locations as Their Instagram Presence Grows Globally
- Opteamix Launches StackRewrite.AI to Transform Enterprise Legacy Modernization
- "The Pornified Generation": Dr. Chris Samuels Exposes the Toxic Alliance Between Bro Culture and Pornography That's Rewiring a Generation
- Women Gather for "Glow Up Within: A Summer Journey to Self-Nourishment"
- The Modern Insurance Store Expands Medicare Help Services for Seniors in Cincinnati
- Ironside HR Named Fastest-Growing Staffing Firm for Second Year
- Inframark Continues to Build Its Community Management Capabilities and Multi-Disciplinary Presence in Arizona
- ICAST 2025: The Crystal-Clear Revolution Begins at Booth #3233
- Brindle Pet Supplies Now Carries Badlands Ranch Dog Food in Canada
- Duke Energy announces dividend payments to shareholders