Attorneys for prison healthcare business YesCare Corp. said they’re hoping to secure a loan this week to pay hundreds of correctional workers that care for thousands of incarcerated patients after it filed a freefall bankruptcy last week.
YesCare attorney Jeremy Johnson of Polsinelli PC, which was only retained May 6, said at a hearing Monday the business sought bankruptcy protection in part because it couldn’t pay its more than 1,500 contract employees on May 8. YesCare owed about $9.7 million in salaries and wages as of last week, according to court records.
“This is a cataclysmic distressed situation,” Johnson told ...
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