Florence Hospital at Anthem, LLC filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Arizona on March 6, 2013. The debtor listed its assets of $8.78 million and liabilities of $32.35 million. The main unsecured creditors include Gilbert Hospital LLC, Blood Systems, Inc., GE Healthcare Inc., Healthcare Management Systems, Inc., Microsoft Licensing, GP, Morrison Management Specialists, Inc., Professional Hospital ... Supply, Inc., Sonora Quest Laboratories LLC, Sun Life Financial Inc. and Layton Construction Co Of Arizona Inc. Michael A. Jones and Thomas H. Allen of Allen, Sala & Bayne PLC acted as legal advisor for debtor. Kyle S. Hirsch of Bryan Cave LLP acted as legal counsel to debtor. Carolyn J. Johnsen and Kami M. Hoskins of Jennings Strouss Salmon PLC acted as official committee of unsecured creditors. The Stillwater National Bank and Trust Company, Secured creditor, filed a motion for to lift the automatic stay on foreclosure or to convert the case into Chapter 7 liquidation of Florence Hospital at Anthem, LLC in the US Bankruptcy Court on April 22, 2013. As per the motion, StillWater is seeking to lift the automatic stay to allow Stillwater to enforce its state law rights and remedies, including foreclosing on its collateral or alternatively, convert this case to one under Chapter 7 so the estate’s assets can be efficiently liquidated and the debtor’s business wound down in an orderly fashion.
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