|Glenmoor emerges from bankruptcy|
|News - St Augustine Area & St Johns County|
Life Care St. Johnís d/b/a Glenmoor announced that it has emerged from protection under Chapter 11 of the Bankruptcy Code.
Glenmoor entered the formal restructuring process on July 3, 2013. Glenmoor is a Continuing Care Retirement Community located in World Golf Village.
According to a release from Glenmoor, Bruce Jones, Chief Executive Officer of LCPS Management, the company that operates Glenmoor, said the company worked with representatives of the bondholders and the unsecured creditors to secure a plan.
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