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ER Center Operator Neighbors Legacy Files Chapter 11; Bidder Found for Real Estate

A Texas-based entity named Fostre Inc. has been identified as the stalking-horse bidder for Neighbors Legacy Holdings Inc.’s non-Houston emergency room locations throughout Texas.

Neighbors, which filed for Chapter 11 bankruptcy protection in late July 2018, has also found a buyer for its Houston-area emergency centers. The suit was filed in U.S. Bankruptcy Court, Southern District of Texas, Houston Division, and the court approved an Aug. 22, 2018 deadline for additional bids, with the auction date set for Aug. 27.

The company operates as Neighbors Health, which includes Neighbors Physician Group, Neighbors Emergency Center and Neighbors Practice Management. Neighbors told the Houston Business Journal that it filed for Chapter 11 to “expedite the sale of its Houston and non-Houston operations.”

Neighbors Emergency Center, headquartered in Houston, opened in 2009, and operates 22 freestanding emergency centers throughout Texas.

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