Healthcare Provider Nix Physicians Files Chapter 11 in Texas

🚨 BANKRUPTCY FILING ALERT 🚨

NIX PHYSICIANS, INC.
Chapter 11 - Northern District of Texas
Filed: January 12, 2025
Case No. 25-80021

📊 Assets: $1B-$10B | Liabilities: $1B-$10B | Total Creditors: >100,000 | Industry: Healthcare (NAICS 6211)

Filing Summary
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Nix Physicians, Inc. operates as a healthcare business based in Culver City, California, providing medical services through its network of facilities. The company is a subsidiary of Nix Hospital Systems, LLC and operates as part of the broader Prospect Medical Holdings network, which maintains operations across California, Connecticut, Pennsylvania, Texas, and Rhode Island.

The filing is part of a coordinated Chapter 11 proceeding, with affiliate Prospect Medical Holdings, Inc. filing simultaneously in the same jurisdiction. The company has indicated that funds will be available for distribution to unsecured creditors.

The bankruptcy filing follows broader challenges in the healthcare sector, with the company seeking to restructure its substantial obligations while maintaining ongoing operations.

PROFESSIONALS
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• General Bankruptcy Counsel: Sidley Austin LLP
• Financial Advisor: Alvarez & Marsal North America, LLC
• Investment Banker: Houlihan Lokey, Inc.
• Claims Agent: Omni Agent Solutions, Inc.