CareMatrix files for reorganization.CareMatrix Corp., along with some of its subsidiaries, has filed a voluntary petition for reorganization under Chapter 11. The petition was made in the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the District of Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). . CareMatrix, based in Needham, Mass., provides seniors housing services including assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. , supportive independent living, and Alzheimer's programs. |
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