Senior Care Centers – Citing COVID-19 and “Particular Risks” for Nursing Facilities, MidCap Financial Trust Pulls Exit Financing Leaving Debtors (and their Confirmed Plan) Unable to Exit Bankruptcy

March 4, 2020 – Citing the exposure of skilled nursing facilities, and their residents, to the COVID-19 virus, MidCap Financial Trust ("MidCap") has announced that it will no longer be providing exit financing to the reorganizing Debtors.  For the Debtors, who had their Plan confirmed in mid-December, this development throws plans to emerge shortly from…