Akumin Reaches Accord With Stonepeak to Become a Private Company

Akumin plans prepackaged chapter 11 as part of transaction.

• Stonepeak’s $470m note to be cancelled and converted into common shares
• Stonepeak will also invest $130m in new money into Akumin
• Akumin’s existing common stockholders will receive a total of $25m in cash and certain contingent value rights for their shares
• Business to operate without interruption

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Sunil Kesur at skesur@bloomberg.net

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