FOR IMMEDIATE RELEASE
Aug. 1, 2014
Contact: Bevin Theodore
Director of PR & Communications
800-25-PEACE, ext. 7797
KidsPeace begins new chapter, 1 year after filing
for Chapter 11 reorganization
With the bankruptcy in the past, the financially stable organization looks to expand services, continue mission of helping children, families and communities in need.
SCHNECKSVILLE, Pa. – A year after filing for Chapter 11 reorganization, KidsPeace is putting financial hardships in the past and focusing on the organization’s future as a premier provider of mental and behavioral health care services.
KidsPeace filed for Chapter 11 in May 2013 to re-structure bonds and eliminate burdensome pension obligations. There were no service interruptions during this restructuring process, and the reorganization went smoothly, allowing for emergence in about a year. The company has continued to add staff members during this process to support our growing programs. This organization has a 132-year history of being there for the community and looks forward to expanding community-based services going forward.
KidsPeace could not have reached this point without the dedication and commitment of all staff members who worked diligently to ensure quality care for the children and families we serve remained our top priority as we navigated toward this new future.
Since KidsPeace Georgia is on a separate reorganization timeline from the rest of the organization, Georgia stakeholders will be given additional updates regarding the status of those proceedings as we move to have their plan approved in the coming weeks.
For 132 years, KidsPeace has been building on its expertise to give hope, help and healing to children, families and communities throughout the United States. Through its comprehensive range of residential treatment programs; accredited educational services; unique psychiatric hospital and foster care and community-based programs, KidsPeace is dedicated to helping people connect, transform and overcome their challenges to ensure a stable future, transition to adulthood and gain independence. Since its doors opened in 1882, more than 200,000 children have participated in one of the multitude of programs KidsPeace offers. For additional resources or more information on how to get involved, become a foster parent or make a donation, please visit www.kidspeace.org. Follow us at www.facebook.com/kidspeace.org or on Twitter @KidsPeace.