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prima:HIMA San Pablo’s liquidity crisis deepens

The Federal Bankruptcy Court approves an extension of the use of cash collateral, which will keep operations afloat for at least another week

September 22, 2023 - 12:37 PM

Archival note
This content was published more than 6 months ago.
HIMA filed for bankruptcy after accumulating more than $470 million in debt. (Josian Bruno)

Bankruptcy Judge Enrique Lamoutte Inclán approved Thursday that the HIMA San Pablo Group use additional funds from cash collateral for its long-term debt with Island Healthcare, allowing the conglomerate to keep its operations afloat.

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