Trending...
- Director Sean McNamara Reunites with Award-Winning Cinematographer Shawn Seifert for Upcoming Feature Home
- Award-Winning Heritage at South Brunswick Continues to Thrive as One of New Jersey's Premier New Home Communities
- Heritage at Manalapan Introduces Luxury Single-Family Homes with Exceptional Value in One of Monmouth County's Most Desirable Locations
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
- NextBoat's AI-Powered Marine Marketplace Gains Momentum as Record Growth Signals an Inflection Point for Investors (N Y S E American: NXB)
- Stepping Off the Grid: Savista Retreat Announces New Experiential Packages in Jaipur for Travellers
- Where Is Your Faith The Movie and Sountrack
- Bynn Intelligence Ranks #1 in NIST Child Online Safety Evaluation for Ages 13–16
- Rev-O-Box™ Launches Reversible Shipping Box That Instantly Becomes a Premium Gift Box
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
- Achugogo: Tale of the Spring Chaser Wins Inaugural TCCF Prize at Mifa Pitches, the Industry Market of the Annecy International Animation Film Festival
- Everything Policy Launches Madison, an AI Tool That Makes Legislation Readable for Students and Citizens
- TOLI North America Implements Modest Price Increase, Absorbing Majority of Costs
- Is the Market Missing One of the Most Undervalued Cybersecurity Companies on the Stock Market? Cycurion, Inc. (N A S D A Q: CYCU):
- Billion-Dollar Scale Global Technology Powerhouse Being Built with Expanding Government Contracts: Circle8 Group (N A S D A Q: CIRC)
- Nevada Boxing Hall of Fame Gears Up for Star-Studded 14th Annual Induction Gala Weekend
- New Thriller 'Counterframe' Explores the Hidden Vulnerabilities of Modern Society
- Award-Winning Heritage at South Brunswick Continues to Thrive as One of New Jersey's Premier New Home Communities
- Four Seasons Cleaners Debuts Santa Barbara County's First 24/7 Dry Cleaning Kiosk New self-service
- WhereTu Launches to Help Americans Build Successful Lives Abroad
- BoatRegistrationNumbers.com Launches Next-Generation Marine Lettering, Decals and Numbers Tool
- Appliance EMT Expands Built-In and Walk-In Refrigerator Service in Metro Atlanta
- New from Regal House Publishing, Call it Madness: a missing grandfather - reclaiming a ruptured life
- LawProactive Launches SB 37-Compliant Attorney Marketing Software With Exclusive City Territories Across California
- Cogs and Marvel expands EMEA leadership team for next phase of growth
- Dave Freer's "Storm-Dragon" Wins First-Ever Prometheus Special Award For Young Adult Fiction
- T. Jones Group Celebrates Two Wins and Multiple Project Nominations at the 2026 HAVAN Awards
- Studica Robotics Supports Robotics Training Camp for WorldSkills Shanghai 2026
- Lineus Medical Renews Agreement with Vizient, Delivering Enhanced Value for Vizient Members
- Qscription Technologies Appoints Radiology Industry Veteran Elliot Silverman to Advisory Board