Multiple local nursing facilities at risk of foreclosure, according to court documents [Video]

PEORIA (25News Now) – Seven local nursing and long-term care facilities are at risk of foreclosure as their Peoria-based parent company, Petersen Health Care, is on the hook for nearly $51 million in loans.

As of early February, those facilities are now under the care of a court-appointed receiver. That receiver has control over all the assets and most operations of the company.

In court documents filed in January, Maryland-based Capital Funding LLC and X-Caliber Funding LLC made separate claims Petersen Health Care defaulted on its loans to those companies in December 2023.

In the foreclosure suit filed by X-Caliber Funding, Petersen Health Care claimed it was the victim of a ransomware attack targeting its billing systems for multiple facilities in Oct. 2023. That, they say, impacted its ability to make loan payments, causing them to fall into default. X-Caliber said it wasn’t made aware of the attack until the payments came due.

X-Caliber reported in a later court filing that …