On December 19, 2025, North Country Healthcare, Inc. (NCHC) filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. Rather than reorganizing, this case is structured as an orderly wind-down and liquidation of operations, centered on the pending sale of substantially all of NCHC’s assets to El Rio Santa Cruz Neighborhood Health Center, Inc. (“El Rio”). The bankruptcy estate’s primary objectives are to consummate that sale, maximize recoveries for creditors, and bring the entity’s affairs to an organized close.
To lead this effort, the Bankruptcy Court approved the employment of Resolute Commercial Services, LLC as financial advisor to the estate and its principal, Jeremiah Foster, as Wind Down Officer (WDO) – both effective upon entry of the Court’s order on the employment application filed March 17, 2026. As WDO, Mr. Foster holds full operational, financial, and administrative authority over the wind-down: overseeing all terminations and asset dispositions, managing the post-sale estate, and working alongside NCHC’s board to ultimately dissolve the entity. In parallel, Resolute’s financial advisory team – operating separately from Mr. Foster’s WDO role – is providing analytical and advisory support, subject to ongoing Court oversight and fee application requirements. Together, their mandate is to bring certainty and efficiency to what remains: closing out obligations, monetizing retained assets, and protecting creditor interests.
Case Updates:
March 17, 2026 — Application to employ Resolute Commercial Services, LLC as financial advisor and Jeremiah Foster as Wind Down Officer filed (Doc 208). All employees targeted for termination by March 31, 2026.
March 27, 2026 — El Rio announced the appointment of David Rogers as executive vice president to lead the newly named Elk Ridge Community Health.
April 1, 2026 — Operations at North Country HealthCare transitioned to El Rio Health, with all 12 remaining clinic locations rebranded as Elk Ridge Community Health. Asset sale officially consummated. Wind-down phase formally began under Jeremiah Foster as WDO.
April 6, 2026 — All Elk Ridge clinics transitioned to El Rio’s new digital records management system.
Post-April 1, 2026 (ongoing) — The bankruptcy estate, now under Jeremiah Foster’s control as WDO, is managing retained real estate (not included in the El Rio sale), fielding creditor claims, winding down vendor contracts, closing out grants, and working toward a Chapter 11 Plan and Disclosure Statement.
Asset Sales:
Asset Valuation & Marketing Prep: Appraisals, broker opinions of value (BOVs), and operating expense data are being processed for retained real estate in support of creditor disclosure and future monetization.
Insurance: In process of paring down insurance coverage to necessary coverages needed to facilitate the wind down.
Continuing to monetize outstanding AR, engaging a collections agency to ensure extraordinary efforts on behalf of the estate to maximize value.
The estate facilitated the sale of a vehicle for $18,500, and the sale of the condominium property for $375,000 which is expected to close on 5/15/26
Final Payroll and 401k Distributions:
Final payroll and 401k distributions were made in April.
There are no remaining employees of NCHC. There are a select few independent contractors that have been retained to help facilitate the remaining operations of the business.
IT Management:
Several vendors have notified the estate of past‑due balances or service suspension risk. These are being triaged against the cash forecast and bankruptcy treatment (pre vs. post petition).
Financial Reporting & Accounting
Resolute, the financial advisor has gained control of the bank accounts, and set up DIP bank accounts to facilitate the funds for the wind down.
Forecasted budgets are being prepared on a monthly basis.
FAQs
What is the current status of North Country Healthcare?
North Country Healthcare has completed its asset sale and is now in an orderly wind‑down phase. The organization is no longer operating healthcare services; remaining activities focus on closing out obligations, managing retained assets, and completing regulatory and financial requirements.
Is NCHC still operating any clinics or programs?
No. Clinical operations and active programs transferred to El Rio / Elk Ridge as of April 1, 2026. The NCHC estate now exists solely to wind down remaining affairs.
What work is still ongoing?
The remaining work is largely administrative and execution‑focused, including: Final regulatory and grant reporting, Insurance cleanup and policy terminations, Payroll and benefits close‑out, Vendor and accounts payable resolution, and Real estate management/asset monetization.
Are employees still being paid or supported?
There are no active employees.
Final payroll items, contractor payments, and benefit plan terminations (such as the 401(k)) are being completed as part of the wind‑down.