Reported 13 days ago
Wellpath Holdings Inc., a leading provider of health-care services in U.S. prisons, has filed for Chapter 11 bankruptcy due to unsustainable debt levels and rising labor costs. The company, based in Nashville, TN, reported assets and liabilities between $1 billion and $10 billion, marking a significant challenge within the private equity-owned prison-services sector. This comes amid increasing scrutiny and pressures on the industry.
Source: YAHOO