Indiana medical office building files for bankruptcy — 3 insights

Carmel Medical Office Building LLC filed for bankruptcy after failing to find a buyer, the Indianapolis Business Journal reports.

What you should know:

1. The two-story building houses Beltway Surgical Center, which occupies the first floor. The second floor sits vacant.

2. Company president attempted to sell the building in 2018, receiving two offers from Global Medical REIT and CCI Beltway 106th LLC, but both sales fell through.

3. The company filed for chapter 11 bankruptcy May 15. Chapter 11 bankruptcy allows the company to keep its business and pay creditors over time.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast