EAST AURORA, N.Y. (WKBW) — Absolut Facilities Management, LLC. ("Absolut Care") announced Wednesday it has voluntarily filed for chapter 11 bankruptcy.
According to a release, "these actions were taken in an effort to help the company financially reorganize itself and better position itself for the future. Similar to many other companies that have successfully utilized the chapter 11 process to restructure their finances, the Company expects to emerge from bankruptcy stronger than before."
The company intends to close its Orchard Park facility, the remaining facilities will stay open and continue normal operations.
As we have seen in recent days with the announcement of the closing of Newfane Hospital, health care generally, and specifically long termlong-term care, faces significant challenges. We are very confident that we will emerge a much stronger company after these legal proceedings are concluded. It is our expectation that during this process that Patient Care, our employees, and our commitment to excellence will remain our top priority.