Deals
LifeCare Holdings, Hospital Operator, Files for Bankruptcy
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LifeCare Holdings Inc., an operator of acute-care hospitals owned by Carlyle Group LP, filed for bankruptcy protection, citing debt and losses from Hurricane Katrina and saying it plans to sell the company.
LifeCare, based in Plano, Texas, listed assets of $422 million as of Sept. 30 and liabilities of $576 million in its Chapter 11 filing today in U.S. Bankruptcy Court in Wilmington, Delaware.