Bankrupt Cedar Haven owner seeks court permission for brokered sale

1 min readPosted August 15, 2019

The bankrupt owner of Cedar Haven, the nursing home formerly owned by Lebanon County, is asking a Delaware Bankruptcy Court for permission to hire a firm to seek a buyer for the facility.

In papers filed yesterday, Cedar Haven Acquisition, LLC, (“CHALLC”) which emerged as the owner after the 2014 sale, asks for permission to hire Senior Living Investment Brokerage, (“SLIB”) of Glen Ellyn, Illinois.

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Read more: How do the Commissioners judge the Cedar Haven sale five years later?

CHALLC says in its court filing that “the services provided by SLIB will substantially enhance [CHALLC’s] effort to maximize the value of its Assets for the benefit of all parties-in-interest.”

SLIB describes itself as “the leader in the seniors housing market,” and claims to have a “database of over 2,800 active national, regional and local buyers.”

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CHALLC also said in its filing that it has been working with SLIB to market Cedar Haven since August 12, 2019, ten days after it filed for bankruptcy. Since bankruptcy court permission is usually required before hiring outsiders, CHALLC is requesting retroactive authorization to pay SLIB for services performed since then.

An initial Bankruptcy Court hearing in Wilmington, Delaware is scheduled for September 4, 2019 at 10:00am. It is unknown whether the request to hire SLIB will be on the agenda.

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