A wave of bankruptcies in the state’s nursing-home industry continues, following a Ch. 11 reorganization petition filed Thursday by Spectrum Healthcare and its four area facilities.
Spectrum, which operates facilities in Hartford, Manchester, Derby and Torrington, filed its bankruptcy petition on Thursday in federal court in Hartford, according to court records.
It’s the second time the Vernon-based company has filed for Ch. 11 since 2012.
The parent company and its four affiliates reported a combined $12.6 million in assets, primarily cash. Each also reported liabilities ranging from $1 million to $10 million.
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Spectrum emerged from its previous bankruptcy in 2013 after winning court approval to close facilities in Winsted and Ansonia.
