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Ambulance Company Rural/Metro Files For Chapter 11 Protection in Delaware

Posted In Bankruptcy, Health Care

bankThe national healthcare industry often converges on Delaware's bankruptcy courts due to the high number of large companies incorporated here. Private equity-owned Rural/Metro Corp. and more than 50 affiliates ("Debtors") filed Chapter 11 protection on Sunday August 4, 2013 after reaching an agreement with creditors.  The Scottsdale, Arizona-based company lists assets and debts of more than $500 million.  Fortunately for the Delaware healthcare industry, there are no major local creditors.

View the full summary on the Delaware Business Bankruptcy Report.

Author:  Eric J. Monzo, Esq. is a member of the Bankruptcy and Creditors' Rights group at Morris James LLP.