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Inspired Healthcare Capital Wins $713M Sale Approval, Seeks DIP Boost to $100M
AltsWire reports that Inspired Healthcare Capital obtained bankruptcy-court approval for sales of roughly 30 senior-living communities totaling $713.5 million. Eleven sale orders were entered on October 13 in the Northern District of Texas. Approval of those transactions does not resolve every dispute over the eventual allocation of proceeds.
An objection involving HPI lenders and properties in Grapevine, Texas, and Delray Beach, Florida, remained unresolved, with escrow provisions addressing disputed proceeds. Separately, the debtors requested another $52.845 million of financing, which would increase the debtor-in-possession facility to $100 million. A hearing was scheduled for November 17; the additional borrowing was a request, not an approved funding increase.
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