Parent company of Meadow Lake Retirement Community in Tyler seek - KYTX CBS 19 Tyler Longview News Weather Sports

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

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    Wednesday, July 30 2014 12:00 PM EDT2014-07-30 16:00:17 GMT
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    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
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    More >>
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    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
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(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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