IN RE GENESIS HEALTH VENTURES, INC.

Nos. 00-2692/JHW, 00-2494/JHW.

266 B.R. 591 (2001)

In the Matter of GENESIS HEALTH VENTURES, INC., et al., Debtors. In the Matter of Multicare AMC, Inc., et al., Debtors.

United States Bankruptcy Court, D. Delaware.

September 12, 2001.


Attorney(s) appearing for the Case

David G. Aelvoet, Linebarger Heard Goggan Blair Graham Pena & Sampson, LLP, Austin, TX, for Bexar County.

Gary L. Barnhart, St. Louis, MO, for Missouri Department of Revenue.

Elio Battista, Jr., The Bayard Firm, Wilmington, DE, for GMS Group, LLC.

Noel C. Burnham, Montgomery McCracken Walker & Rhoads LLP, Philadelphia, PA, for Catholic Health Initiatives.

John T. Carroll, Cozen O'Connor, Philadelphia, PA, for Cozen O'Connor.

William E. Chipman, Jr., Greenberg Traurig, LLP, Wilmington, DE, for THCI Mortgage Holding Company, LLC.

Mark D. Collins, Richards Layton & Finger, Wilmington, DE, for Genesis Health Ventures, Inc., Poorman-Douglas Corp. and Richards, Layton & Finger, P.A.

Victoria Watson Counihan, Greenberg Traurig, Wilmington, DE, for THCI Mortgage Holding Company, LLC.

Steven T. Davis, Obermayer Rebmann Maxwell & Hippel, LLP, Wilmington, DE, for AGE Institute of Pennsylvania, Inc., AGE Institute of Massachusetts, Inc., AGE Institute of Florida, Inc., Delaware Valley Convalescent Homes, Inc., AGE Holdings, Inc. and Ohio Bureau of Workers Compensation.

Daniel J. DeFranceschi, Richards, Layton & Finger, Wilmington, DE, for Genesis Health Ventures.

Michael David Debaecke, Blank, Rome, Comisky & McCauley, LLP, Wilmington, DE, for Blank Rome Comisky & McCauley, LLP.

Paul J. Dougherty, III, McCarter & English, Wilmington, DE, for Michael Goff, McCarter & English, LLP.

John S. Fagan, Fagan & Broussard, P.C., Orange Park, FL, for Medallion Smith.

Lee Harrington, Blank Rome Comisky & McCauley, Philadelphia, PA, for Blank Rome Comisky & McCauley, LLP.

William Kevin Harrington, Duane, Morris & Heckscher, LLP, Wilmington, DE, for Susquehanna Center, Inc. and Massachusetts Housing Finance Agency.

David E. Hudgens, Ambrecht Jackson DeMouy Crowe & Etal, Mobile AL, for Todd W. Martin, III.

James E. Huggett, Klehr Harrison Harvey Branzburg & Ellers, Wilmington, DE, for Paul, Weiss, Rifkind, Wharton & Garrison.

Gary A. Hurwitz, Media, PA, for Catherine McLaughlin.

David A. Jenkins, Smith Katzenstein & Furlow, LLP, Wilmington, DE, for Charles L. Grimes.

Laura Davis Jones, Pachulski, Stang, Ziehl, Young & Jones, Wilmington, DE, for Pachulski, Stang, Ziehl, Young & Jones, P.C.

Steven K. Kortanek, Klehr, Harrison, Harvey, Branzburg & Ellers, Wilmington, DE, for Paul, Weiss, Rifkind, Wharton & Garrison and Klehr, Harrison, Harvey, Branzburg & Ellers.

Nina M. LaFleur, Jacksonville, FL, for Lynwood Roberts.

Kimberly Ellen Connolly Lawson, Werb & Sullivan, Wilmington, DE, for Michael Bronfein.

Neal J. Levitsky, Agostini Levitsky Isaacs & Kvlesza, Wilmington, DE, for JSM Co. and Commonwealth of Pennsylvania, Department of Labor & Industry

Donald Litman, Mayerson Law Office, Trappe, PA, for Sarah King.

Rachel Sarah Lowy, Pachulski, Stang, Ziehl, Young & Jones, Wilmington, DE, for Genesis Health Ventures, Inc.

Maureen D. Luke, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE, for Multicare AMC, Inc.

Christina M. Maycen, Morris James Hitchens & Williams, LLP, Wilmington, DE, for New Jersey Self Insurers Guaranty Association.

Selinda A. Melnik, Smith, Katzenstein & Furlow, LLP, Wilmington, DE, for Charles L. Grimes.

Anita Morse, State of Indiana, Attorney General's Office, Indianapolis, IN, for State of Indiana.

L. Vincent Ramunno, Ramunno & Ramunno, Wilmington, DE, for Vincent Russo.

Allison E. Reardon, Wilmington, DE, for Matthew E. McGovern, Office of Attorney General for Maryland.

Eric Lopez Schnabel, Klett Rooney Lieber & Schorling, Wilmington, DE, for Mellon Bank, N.A., Administrative Agent for Secured Lenders.

Jayne Shinko, State of Pennsylvania, Chief Counsel Office Employment Security, Harrisburg, PA, for Commonwealth of Pennsylvania, Department of Labor & Industry, Bureau of Employer Tax Operations.

Russell C. Silberglied, Debra E. Spivack, Richards, Layton & Finger, Wilmington, DE, for Genesis Health Ventures, Inc. and Richards, Layton & Finger.


OPINION ON CONFIRMATION

JUDITH H. WIZMUR, Bankruptcy Judge.

Presented here is the proposed confirmation of the debtors' joint plan of reorganization. For the reasons expressed herein, I conclude that the plan is confirmable, subject to the modifications noted herein.

FACTS AND PROCEDURAL HISTORY

The Genesis debtors1 and the Multicare debtors2 are leading providers of...

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