SMCS, Springfield Hospital emerge from Chapter 11
Don't miss the big stories. Like us on Facebook. SPRINGFIELD â The U.S. Bankruptcy Court for the District of Vermont has confirmed the chapter 11 reorganization plans of Springfield Medical Care Systems and Springfield Hospital. Confirmation of their chapter 11 plans is the final step necessary for the two companies to exit chapter 11 and the culmination of an 18-month debt-adjustment process. The companiesâ chapter 11 exit plans bring existing debt to a level that the companies can each support and lays the groundwork to preserve their charitable health care mission, business ...
Source: reformer.com