Alliance Medical Holdings court OKs appointment of Chapter 11 trustee

By Caroline Salls

Pittsburgh, April 19 – Alliance Medical Holdings, Inc. agreed to the appointment of a Chapter 11 trustee to oversee its bankruptcy case, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

As previously reported, senior secured lender Zions Bank said on April 4 that it would seek appointment of a receiver for Alliance Medical on April 5.

The company said it would “attempt to dissuade Zions from filing an action for appointment of a receiver,” but its board of directors believed that the Chapter 11 filing was the company’s best alternative.

Alliance is a South Jordan, Utah-based pharmacy company. The company filed bankruptcy on April 7 under Chapter 11 case number 17-32186.

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