Thursday, July 30, 2009

Sale Of Bankrupt Mt. Lebanon Facility Delayed

The pending sale of The Covenant at South Hills, currently in bankruptcy, will have to wait at least another month.

Lifecare of the South Hills LLC, an affiliate of Chester, W.Va., company Orchards at Foxcrest, bid $17 million to take over the Mt. Lebanon facility in May. The final court approval of the sale was scheduled for a hearing before U.S. Bankruptcy Court Judge Judith Fitzgerald on Tuesday.

However, because of difficulties lining up the financing, approval has been pushed back until Sept. 3.

Link: www.post-gazette.com/pg/09211/987305-55.stm

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