One of the nation's largest nursing home operators has filed for bankruptcy protection after defaulting on government-backed loans and dealing with the impact of a crippling ransomware cyberattack.
Peoria-based Peterson Healthcare, which operates 90 facilities in Missouri, Iowa and Illinois, filed for Chapter 11 protection in a Delaware bankruptcy court last week.
Peterson reported $295M in debt, including $45M it owes under healthcare facility loans insured by the U.S. Department of Housing and Urban Development, according to a Reuters report.
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