Chartwell Diversified Services, Inc. Completes Reorganization.ADDISON, Texas -- Chartwell Diversified Services, Inc. ("CDSI CDSI Comisión de Estudio para el Desarrollo de la Sociedad de la Información CDSI Cross Domain Semantic Integration CDSI Credit Default Swap Index "), a leading provider of home health care services, today announced it has completed its Chapter 11 reorganization process. The Company's Plan of Reorganization was confirmed by 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. , Eastern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , on Sept. 10, 2004, and became effective on Sept. 17, 2004. CDSI completes its reorganization as a privately held organization with a strong balance sheet, a streamlined operational structure and a talented executive management team. In addition, the Company has secured financing with the health care financing company Healthcare Business Credit Corporation ("HBCC HBCC Historically Black Collegiate Coalition HBCC Hosted Bus Controller Chip (Ford networking specification) HBCC Home Brew Computer Club HBCC Heatsink Bottom Chip Carrier ") in order to meet its short-term and long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. . "This is a truly gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. day for Chartwell, having emerged from reorganization as a strong, financially stable company," said Roy M. Serpa, president of CDSI. "We have reduced operating costs, streamlined the organization and continued to secure new contracts, which reflects our excellence in patient care. I must thank our employees, customers and partners, whose loyalty over the past 22 months enabled us to reach this point." About Chartwell Diversified Services, Inc. Chartwell Diversified Services provides home health care services to nearly 55,000 patients a year in 18 states. Services include infusion therapy, respiratory therapy/DME, attendant care and health care management services. The company operates under the names of Chartwell Community Services, Inc., Chartwell Care Givers, Inc., Chartwell Home Therapies, L.P., Chartwell Management Company, Inc. and several joint ventures with leading medical centers nationwide. |
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