New Chapter 11 Filing - Oconee Regional Health Systems Inc.

Oconee Regional Health Systems Inc.

• 5/11/17 Recap: Georgia-based not-for-profit healthcare system filed for bankruptcy to pursue a sale to Prime Healthcare Foundation Inc., armed with a $5mm DIP credit facility to fund operations during the case. The company notes the following as factors leading up to its bankruptcy: (1) an older Medicare-based populati…