Distressed prison health-care provider Wellpath Holdings Inc. wants a bankruptcy court’s permission to pay up to nearly $4.6 million in incentive bonuses to 12 executives if they meet certain performance targets.
The incentive program is necessary because Wellpath’s senior management team is essential to helping the prison health firm restructure and continue running, the company said in a Jan. 17 filing in the US Bankruptcy Court for the Southern District of Texas. Wellpath, which is one of the country’s largest jail and prison health-care companies, filed Chapter 11 in November.
Payouts to senior management would depend upon the achievement of ...
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