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Peterson Health Care Files Chapter 11 Bankruptcy; Locations Continue To Operate

Multiple media sources are reporting that Peterson Health Care based in Peoria filed for Chapter Eleven bankruptcy last week.

Peterson operates 100 nursing homes in Illinois, Iowa, and Missouri, including Nokomis, Pana, Shelbyville, Sullivan, Mattoon, and Decatur in the Regional Radio listening area.

Peterson was reportedly the victim of a ransomware attack last October that interrupted their business operations to bill patients and insurance companies.  Multiple media sources added that 19 of their locations also were placed into receivership after they defaulted on some 50-million dollars in loan payments.

Their 2023 revenues totaled some 340-million dollars.   

In documents filed Sunday, the Deleware bankruptcy court where the filing took place, gave Peterson permission to secure post-petition financing to keep operating.

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