Ventilator Co. Vyaire’s Ch. 11 Plan Gets OK After Sales Close
A Delaware bankruptcy judge Thursday confirmed the Chapter 11 liquidation plan of Vyaire Medical, after the ventilator maker completed sales of its two businesses.
At a hearing, U.S. Bankruptcy Judge Brendan L. Shannon praised the parties for reaching confirmation; the company almost ran out of cash after it filed for bankruptcy protection in June.
The debtor is represented by Patrick J. Reilley, Stacy L. Newman, Michael D. Sirota, Matteo Percontino and Warren A. Usatine of Cole Schotz PC.
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