CarePoint Says It Files for Chapter 11, Gets $67m New Funding: Obtained $67 million in new financing to ensure that its hospitals remain open; restructure due to “increase in direct costs of operating the Hospitals after Covid, insufficient state funding, and persistent reimbursement challenges”
Franchise Group Files For Chapter 11 Bankruptcy Protection | Nasdaq: Franchise Group announced that it has entered into a restructuring support agreement with holders of approximately 80% of its first lien debt on a comprehensive solution to strengthen FRG's capital structure and best position its leading brands - Pet Supplies Plus, The Vitamin Shoppe, and Buddy's Home Furnishings - for continued sustainable growth
B. Riley to Record Impairment After Franchise Group Bankruptcy: B. Riley says firm ‘will move past this & thrive’ after Franchise Group, its operating businesses, and certain other affiliates, including Freedom VCM, filed for Chapter 11 proceedings.
