GMRE tenant Pipeline Health files Chapter 11; rent current, White Rock not primary cause

Chiron Real Estate Inc.

Pipeline Health System, sole tenant at GMRE's White Rock Medical Center, filed Chapter 11 on Oct 3.
Pipeline cites labor/reimbursement pressures; primary cause is Chicago facilities, not White Rock.
Pipeline intends to keep hospitals open during restructuring; rent payments to GMRE currently current.
GMRE is monitoring the reorganization and will provide market updates as appropriate.

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