Many of the 110 foreign investors who provided the bulk of Green Valley Hospital's initial financing are nervous as the facility regroups in the midst of its bankruptcy proceeding.
The foreign investor group, operating as Green Valley Medical Investments LLLP, are mostly from China with a few from Brazil, France, Russia, Taiwan and Ukraine. Each has invested at least $500,000 in the hospital project; in return, they get green cards for themselves and family allowing them to live in the United States.
They're integrating to a new country, moving their families into unfamiliar surroundings, and are undergoing an emotional time as parties work to agree on a business reorganization plan everyone can live with, said Kyle Walker, principal managing partner with the Green Card Fund's corporate office in Phoenix.
“They're scared, and rightfully so,” Walker said. “I've tried to communicate with them and explain to them (about the Chapter 11 reorganization process), and that I wish there was other options,” but that the project was put into a difficult position by previous ownership.
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