Parent company of Meadow Lake Retirement Community in Tyler seeks bankruptcy protection

(KYTX) - Caring for over 1,510 residents on a daily basis, Sears Methodist Retirement System has a long history since the 1960s of providing quality long-term healthcare, supporting the nearly 1,500 staff members serving our residents and customers, being active participants in the communities in which we operate, and making needed operational decisions to ensure a strong future.

Just recently the System Board of Trustees made a decision to move forward with a financial restructuring involving a voluntary Chapter 11 filing.

Making this decision will allow us to reduce our debt while continuing normal operations at our campuses, thereby ensuring that a high quality of care continues.

Our System's business model is sound and our operations strong. We look forward to many years of service in the years ahead.


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