A fund managed by Lapis has committed $35 million in debtor-in-possession (“DIP”) financing to Inspired Healthcare Capital to support ongoing operations and ensure continuity of care across its portfolio during the bankruptcy process. The financing will enable the company to meet its obligations to employees and vendors while providing the liquidity necessary to facilitate a value-maximizing process. Inspired Healthcare Capital owns and operates 35 senior living communities across 14 states, comprising more than 3,000 independent living, assisted living, and memory care units.
More information can be found at: https://www.prnewswire.com/news-releases/inspired-healthcare-capital-initiates-strategic-restructuring-to-explore-options-to-maximize-stakeholder-value-302676911.html