UCHealth’s partner Adeptus Health files for bankruptcy

LEWISVILLE, TEXAS — Adeptus Health Inc. (NYSE: ADPT), a Texas-based operator of freestanding emergency rooms in the United States, on Wednesday filed for Chapter 11 bankruptcy protection while it is preparing a restructuring plan.

While Adeptus’ wholly owned subsidiaries are included in the bankruptcy filing, the joint ventures it is involved in are not. All of the company’s owned and joint-venture freestanding emergency rooms will continue to operate as normal during the bankruptcy process, according to a prepared statement.

In 2015, UCHealth acquired a majority stake in Adeptus Health’s freestanding emergency rooms