quest diagnostics inc (DGX:New York)
As of 8:04 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).
Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20acquired%20the%20assets%20of%20Advanced%20Toxicology%20Network%20laboratory%20business%20from%20Concentra%2C%20Inc.%20on%20May%2016%2C%202013.%20This%20business%20will%20be%20transitioned%20into%20the%20Quest%20Diagnostics%20national%20laboratory%20network%20of%20regional%20clinical%20and%20toxicology%20laboratories%20by%20the%20end%20of%202013.%20Quest%20Diagnostics%20expects%20the%20transaction%20to%20be%20neutral%20to%20adjusted%20earnings%20per%20share%20in%202013%20and%20modestly%20accretive%20to%20earnings%20per%20share%20in%202014.
Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20acquired%20the%20assets%20of%20Advanced%20Toxicology%20Network%20laboratory%20business%20from%20Concentra%2C%20Inc.%20on%20May%2016%2C%202013.%20This%20business%20will%20be%20transitioned%20into%20the%20Quest%20Diagnostics%20national%20laboratory%20network%20of%20regional%20clinical%20and%20toxicology%20laboratories%20by%20the%20end%20of%202013.%20Quest%20Diagnostics%20expects%20the%20transaction%20to%20be%20neutral%20to%20adjusted%20earnings%20per%20share%20in%202013%20and%20modestly%20accretive%20to%20earnings%20per%20share%20in%202014.
Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20entered%20into%20a%20definitive%20agreement%20to%20acquire%20lab-related%20clinical%20outreach%20service%20operations%20from%20Dignity%20Health%20on%20April%2017%2C%202013.%20Dignity%20Health%27s%20hospital-based%20laboratories%20are%20not%20included%20in%20the%20sale.%20The%20transaction%20is%20subject%20to%20customary%20approvals%20and%20is%20expected%20to%20be%20completed%20in%20June%202013.%20Quest%20Diagnostics%20expects%20the%20transaction%20to%20be%20neutral%20to%20adjusted%20earnings%20in%202013%20and%20modestly%20accretive%20to%20earnings%20per%20share%20in%202014.%20Bass%2C%20Berry%20%26%20Sims%20plc%20acted%20as%20legal%20advisor%20to%20Quest%20Diagnostics%20Inc.
Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20entered%20into%20a%20definitive%20agreement%20to%20acquire%20lab-related%20clinical%20outreach%20service%20operations%20from%20Dignity%20Health%20on%20April%2017%2C%202013.%20Dignity%20Health%27s%20hospital-based%20laboratories%20are%20not%20included%20in%20the%20sale.%20The%20transaction%20is%20subject%20to%20customary%20approvals%20and%20is%20expected%20to%20be%20completed%20in%20June%202013.%20Quest%20Diagnostics%20expects%20the%20transaction%20to%20be%20neutral%20to%20adjusted%20earnings%20in%202013%20and%20modestly%20accretive%20to%20earnings%20per%20share%20in%202014.%20Bass%2C%20Berry%20%26%20Sims%20plc%20acted%20as%20legal%20advisor%20to%20Quest%20Diagnostics%20Inc.
Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20acquired%20anatomic%20pathology%20outreach%20laboratory%20business%20from%20UMass%20Memorial%20Medical%20Center%2C%20Inc.%20on%20January%202%2C%202013.%20The%20transaction%20is%20expected%20to%20be%20neutral%20to%20earnings%20per%20share%20in%202013%20and%20accretive%20to%20earnings%20per%20share%20in%202014%20for%20Quest%20Diagnostics.
Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20acquired%20anatomic%20pathology%20outreach%20laboratory%20business%20from%20UMass%20Memorial%20Medical%20Center%2C%20Inc.%20on%20January%202%2C%202013.%20The%20transaction%20is%20expected%20to%20be%20neutral%20to%20earnings%20per%20share%20in%202013%20and%20accretive%20to%20earnings%20per%20share%20in%202014%20for%20Quest%20Diagnostics.
Access%20Genetics%2C%20LLC%20acquired%20substantially%20all%20of%20the%20assets%20of%20OralDNA%20Labs%2C%20Inc.%20from%20Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20on%20December%2031%2C%202012.%20As%20part%20of%20the%20transaction%2C%20OralDNA%27s%20testing%20services%2C%20now%20provided%20from%20a%20facility%20in%20Brentwood%2C%20Tennessee%2C%20will%20consolidate%20under%20Access%20Genetic%27s%20CLIA%20and%20CAP%20certified%20laboratory%20in%20Eden%20Prairie%2C%20Minnesota.
Access%20Genetics%2C%20LLC%20acquired%20substantially%20all%20of%20the%20assets%20of%20OralDNA%20Labs%2C%20Inc.%20from%20Quest%20Diagnostics%20Inc.%20%28NYSE%3ADGX%29%20on%20December%2031%2C%202012.%20As%20part%20of%20the%20transaction%2C%20OralDNA%27s%20testing%20services%2C%20now%20provided%20from%20a%20facility%20in%20Brentwood%2C%20Tennessee%2C%20will%20consolidate%20under%20Access%20Genetic%27s%20CLIA%20and%20CAP%20certified%20laboratory%20in%20Eden%20Prairie%2C%20Minnesota.
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
LifeCare%20Holdings%2C%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2011%2C%202012.%20The%20affiliates%20include%20LifeCare%20Hospitals%20of%20Mechanicsburg%2C%20LLC%2C%20San%20Antonio%20Specialty%20Hospital%2C%20Ltd.%2C%20Lifecare%20Hospitals%20of%20Milwaukee%2C%20Inc.%2C%20LifeCare%20Specialty%20Hospital%20of%20North%20Louisiana%2C%20LLC%2C%20LifeCare%20Hospitals%20of%20Sarasota%2C%20LLC%2C%20LifeCare%20Management%20Services%2C%20L.L.C.%2C%20LifeCare%20Hospital%20at%20Tenaya%2C%20LLC%2C%20Crescent%20City%20Hospitals%2C%20L.L.C.%2C%20LCI%20Holdco%2C%20LLC%2C%20Boise%20Intensive%20Care%20Hospital%2C%20Inc.%2C%20LifeCare%20Ambulatory%20Surgery%20Center%2C%20Inc.%2C%20LifeCare%20Holding%20Company%20of%20Texas%20LLC%2C%20LifeCare%20Hospitals%2C%20LLC%2C%20Lifecare%20Hospitals%20of%20Chester%20County%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Dayton%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Fort%20Worth%2C%20L.P.%2C%20LifeCare%20Hospitals%20of%20New%20Orleans%2C%20L.L.C.%2C%20LifeCare%20Hospitals%20of%20North%20Carolina%2C%20L.L.C.%2C%20Lifecare%20Hospitals%20of%20North%20Texas%20LP%2C%20LifeCare%20Hospitals%20of%20Northern%20Nevada%2C%20Inc.%2C%20LifeCare%20Hospitals%20of%20Pittsburgh%2C%20Inc%2C%20LifeCare%20Hospitals%20of%20South%20Texas%2C%20Inc.%2C%20NextCARE%20Specialty%20Hospital%20of%20Denver%2C%20Inc.%20and%20NextCARE%20Hospitals/Muskegon%2C%20Inc.%20The%20debtor%20listed%20its%20assets%20of%20%24422.15%20million%20and%20liabilities%20of%20%24575.88%20million.%20The%20largest%20unsecured%20creditors%20include%20U.S.%20Bank%20National%20Association%2C%20Vibra%20Healthcare%2C%20LLC%2C%20RecoverCare%20LLC%2C%20Medline%20Industries%2C%20Inc.%2C%20BMA%20of%20Northwest%20LA%2C%20CREST%20Services%2C%20West%20Penn%20Allegheny%20Health%20System%2C%20Inc.%2C%20Quest%20Diagnostics%20Inc.%2C%20Baxter%20Healthcare%20Corporation%20and%20A%20Vital%20Response%20Inc.%20The%20debtor%20is%20represented%20by%20Anthony%20W.%20Clark%2C%20Felicia%20Gerber%20Perlman%2C%20Kenneth%20S.%20Ziman%2C%20Kristhy%20M.%20Peguero%20and%20Matthew%20N%20Kriegel%20of%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20bankruptcy%20counsels%3B%20David%20R.%20Hurst%2C%20Maris%20J.%20Kandestin%2C%20Morgan%20L.%20Seward%20and%20Troy%20Bollman%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20as%20conflicts%20counsels%3B%20and%20KPMG%20LLP%20as%20audit%20and%20tax%20consultants.%20The%20debtor%20hired%20Stuart%20Walker%20of%20Huron%20Consulting%20Group%20Inc.%20as%20interim%20CFO%20for%20a%20monthly%20fee%20of%20%240.07%20million.%20Rothschild%20Inc.%20represented%20the%20debtor%20as%20financial%20advisor%20%26%20investment%20banker%20for%20a%20monthly%20fee%20of%20%240.2%20million%20from%20July%202012%20through%20December%202012%20and%20thereafter%20%240.15%20million.%20Albert%20Kass%20of%20Kurtzman%20Carson%20Consultants%20LLC%20is%20appointed%20as%20claims%20and%20notice%20agent%20to%20the%20debtor%20for%20the%20retainer%20of%20%2425000%20and%20an%20hourly%20rate%20of%20%24206.50.%20Laura%20D.%20Jones%20of%20Pachulski%20Stang%20Ziehl%20%26%20Jones%20LLP%20is%20appointed%20as%20unsecured%20creditors%20committee%u2019s%20counsel.%20Nancy%20A.%20Peterman%20of%20Greenberg%20Traurig%2C%20LLP%20is%20appointed%20as%20counsel%20to%20the%20Patient%20Care%20Ombudsman%20in%20health%20care%20cases%20for%20an%20hourly%20rate%20of%20%24850.%20The%20debtor%20employed%20David%20R.%20Hurst%20of%20Cole%2C%20Schotz%2C%20Meisel%2C%20Forman%20%26%20Leonard%2C%20P.A.%20as%20conflicts%20counsel.%20SAK%20Management%20Services%2C%20LLC%20is%20retained%20as%20debtor%u2019s%20medical%20operations%20with%20a%20%240.1%20million%20advance%20retainer%20and%20an%20hourly%20rate%20of%20%24450.%0D%0A%0D%0ALifeCare%20Holdings%2C%20Inc.%20filed%20a%20motion%20in%20the%20Court%20seeking%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2011%2C%202012.%20The%20debtor%20is%20represented%20by%20Skadden%2C%20Arps%2C%20Slate%2C%20Meagher%20%26%20Flom%20LLP%20as%20its%20legal%20counsels%20and%20Rothschild%20Inc.%20as%20financial%20advisor.%20The%20Court%20gave%20an%20order%20to%20LifeCare%20Holdings%2C%20Inc.%20to%20obtain%20DIP%20financing%20on%20a%20final%20basis%20on%20January%2023%2C%202013.%20As%20per%20the%20order%2C%20the%20debtor%20has%20been%20authorized%20to%20obtain%20a%20revolving%20credit%20facility%20in%20the%20amount%20of%20%2425%20million%20from%20with%20JP%20Morgan%20Chase%20Bank%2C%20N.A.%20acting%20as%20the%20administrative%20agent%20and%20collateral%20agent.%20The%20facility%20includes%20term%20loan%20of%20%2415%20million%20and%20revolving%20facility%20of%20%2410%20million.%20JP%20Morgan%20will%20provide%20%243.3%20million%20of%20revolving%20facility%20and%20%2415%20million%20of%20term%20loan%2C%20General%20Electric%20Capital%20Corporation%20will%20provide%20%242.7%20million%20of%20revolving%20facility%2C%20Bank%20of%20America%20will%20provide%20%242%20million%20and%20ING%20Capital%20LLC%20will%20provide%20%242%20million%20of%20revolving%20facility.%20The%20DIP%20loan%20would%20carry%20ABR%20plus%20the%20applicable%20margin%20or%20Eurodollar%20rate%20plus%20the%20applicable%20margin.%20With%20respect%20to%20revolving%20loans%2C%20the%20applicable%20margin%20will%20be%203.50%25%20in%20case%20of%20ABR%20loans%20and%20the%20applicable%20margin%20will%20be%204.50%25%20in%20case%20of%20Eurodollar%20loans%20and%20with%20respect%20to%20term%20loans%2C%20applicable%20margin%208%25%20in%20case%20of%20ABR%20loans%20and%20applicable%20margin%209%25%20of%20Eurodollar%20loans.%20In%20the%20event%20of%20default%2C%20all%20outstanding%20loans%20shall%20bear%202%25%20above%20the%20rate.%20As%20per%20the%20terms%20of%20the%20DIP%20agreement%2C%20the%20loan%20carries%20an%20upfront%20fee%20of%203%25%20of%20term%20loan%20and%200.50%25%20of%20revolving%20loan.%20A%20fronting%20fee%20equal%20to%200.125%25%20p.a.%20will%20be%20charged%20on%20the%20face%20amount%20of%20each%20letter%20of%20credit%20and%20%240.25%20million%20as%20work%20fee.%20Simpson%20Thacher%20%26%20Bartkett%20LLP%20is%20representing%20administrative%20agent%20and%20arranger%20and%20Akin%20Gump%20Strauss%20Hauer%20%26%20Feld%20is%20representing%20DIP%20term%20lenders.%20The%20interim%20DIP%20financing%20was%20approved%20on%20December%2013%2C%202013.%20The%20US%20Bankruptcy%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20LifeCare%20Holdings%2C%20Inc.%20on%20January%2025%2C%202013.%20The%20Court%20approved%20the%20asset%20purchase%20agreement%20between%20the%20debtor%20and%20Hospital%20Acquisition%20LLC%2C%20an%20acquisitio
To
mm/dd/yyyy
mm/dd/yyyy
From
mm/dd/yyyy
mm/dd/yyyyDate Range for Stats (05/25/2013 to 05/25/2013)
|
-- High-- Low## % Change |
0 Number of Dividends Paid-- Average Dividend Paid$0.00 Dividends Paid Per Period |
0 Splits68 Transactions365 Days In Range |
Select View:
Open, High, Low, and Close are split adjusted. Adjusted close reflects dividend payouts.
Stock Quotes
Market data is delayed at least 15 minutes.
| Recently Viewed | |||
| DGX:US | $62.50 USD | +0.53 |  |
COMPETITOR HISTORICAL STOCK QUOTES
| Company | % Change | ||
| Covance Inc | -- | $76.67 USD | -- |
| Hologic Inc | -- | $20.16 USD | -- |
| Laboratory Corp ... | -- | $100.37 USD | -- |
| Life Technologie... | -- | $74.04 USD | -- |
| QIAGEN NV | -- | €14.65 EUR | -- |
| View Industry Companies | |||
Day VS. Day Stock Price Comparison
| Open | ||
| High | ||
| Low | ||
| Close | ||
| Volume |
Post a JobJobs
- West Hills, CA | QuestdiagnosticsPosted: May 24
- Savannah, GA | QuestdiagnosticsPosted: May 24
- Cambridge, MA | QuestdiagnosticsPosted: May 24
- Mission Viejo, CA | QuestdiagnosticsPosted: May 24
Sponsored Financial Commentaries
Sponsored Links
Report Data Issue
To contact QUEST DIAGNOSTICS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.
Please enter your information in the following field(s):
Your requested update has been submitted
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
