Promise Healthcare Group – Unsecured Creditors Object to Bidding Procedures and Protections

November 29, 2018 – The Debtors’ Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ proposed bidding procedures [Docket No. 37], citing concerns over sale price transparency and inappropriate bid protections.  The objection states, “First, the Bidding Procedures are devoid of a clear explanation of the Purchase Price and the net realizable cash consideration…