Joerns WoundCo. Holdings, Inc., doing business as Joerns Healthcare, has filed for chapter 11 bankruptcy, HomeCare reported. The company, which makes the Hoyer Lift and other home medical equipment including bed frames, specialty mattresses, therapeutic support surfaces and bariatric equipment, is seeking court approval of a restructuring plan that is supported by the majority of its lenders and noteholders. The plan will eliminate a substantial amount of debt and provide operating capital during the restructuring process and beyond. The company has requested that the plan be approved and the process completed within the next 30-45 days. During the restructuring process, all day-to-day operations for Joerns Healthcare will continue as normal. This includes customer deliveries, services and technical support, manufacturing schedules and payment of employees, suppliers and vendors. Joerns Healthcare manufactures, supplies and services more than 120,000 items to more than 40,000 patients a day across 130 service locations.
