In re: Pleasant Care Corporation, et al.
United States Bankruptcy Court for the Central
District of California, Los Angeles Division
Case No. LA 07-12312-EC
On March 22, 2007, Pleasant Care Corporation, SNF Properties Incorporated, PCC Health Services, Inc., Atlas Care Enterprises, Inc., and Ember Care Corporation each filed voluntary chapter 11 petitions for relief. The Debtors are the second largest operator of skilled nursing facilities in the State of California, currently lease and operate 27 skilled nursing facilities and 3 assisted living facilities, with annual revenues in excess of $200,000,000. Effective as of April 1, 2007, Joseph C. Tutera, at the insistence of the secured creditors, unsecured creditors and regulatory authorities, was installed as the President and COO of the Debtors in accordance with a Retention Agreement executed by Manny Bernabe, the Debtors' principal shareholder. Pursuant to the terms of the Retention Agreement, Joe Tutera was vested with full and complete control over the Debtors' business operations, including having exclusive control over, and decision-making power with respect to, the Debtors' day-to-day business operations and the sale, assignment or transfer of any assets or Facilities of the Debtors.