LEWISVILLE, Texas, Oct. 2, 2017 /PRNewswire/ -- Adeptus Health Inc.,(the "Company"), the largest operator of freestanding emergency rooms in the U.S., today announced that the Company has successfully completed its financial restructuring and emerged from Chapter 11. In accordance with the Plan of Reorganization, reorganized Adeptus Health, formerly owned by the Company is now owned by affiliates of Deerfield Management Company ("Deerfield") and is free of all long-term debt.
Reorganized Adeptus is moving forward with 99 innovative, freestanding and fully equipped emergency rooms in seven markets that are staffed with board-certified physicians and emergency trained registered nurses and include state of the art diagnostic technology (CT Scanners, Ultrasound, and Digital X-ray) and on-site labs. Reorganized Adeptus will continue to focus on delivering an excellent patient experience, fostering a well-supported work environment and engaging collaboratively with its hospital partners to improve local healthcare communities.
"Adeptus is beginning its next chapter well positioned for success with increased financial flexibility and a strong partner in Deerfield to ensure that the Company continues offering patients the highest-quality care and supporting our employees, affiliated physicians and partners," said Gregory W. Scott, Chairman and Interim Chief Executive Officer of Adeptus. "We are committed to our mission of improving access to emergency care in the communities we serve and look forward to working closely with Deerfield to capture the opportunities ahead for our business."
Mr. Scott continued, "We thank our outstanding team members as well as the dedicated physicians and medical staff working in our facilities. Because of their efforts, patients have continued to receive the same high-quality emergency medical care and attention for which we are known. These teams will continue to drive our success. We also thank our vendors and partners for their support throughout this process, and look forward to continue working together with them well into the future."
Adeptus Health Inc. is no longer a publicly-held company, all shares of its Class A common stock have been cancelled and are no longer trading on the OTC market, and it will be dissolved as a corporate entity.
Additional information can be accessed by visiting Adeptus Health's website at www.adhc.com/restructuring or calling Adeptus Health's Restructuring Hotline, toll-free in the U.S., at (844) 469-3932. Court filings and other documents related to the court-supervised proceedings are available at a website administered by the Company's claims agent, Epiq Systems, at http://dm.epiq11.com/ADPT. Please see the plan of reorganization for a description of any rights that you may have as a former stockholder of the Company.
Norton Rose Fulbright US LLP served as reorganization counsel to Adeptus, and FTI Consulting served as financial advisor.
About Adeptus Health
Adeptus Health is a leading patient-centered healthcare organization expanding access to the highest quality emergency medical care through its network of freestanding emergency rooms and partnerships with premier healthcare providers. For more information, please visit www.adpt.com.
The Company is no longer a publicly-held company, all shares of the Company's Class A common stock have been cancelled and are no longer trading on the OTC market, and the Company will be dissolved as a corporate entity.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Forward-looking statements involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially. Any forward-looking statements herein are made as of the date of this filing, and the Company undertakes no duty to update or revise any such statements except as required by the federal securities laws. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties.
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SOURCE Adeptus Health Inc.