- The health insurance firm’s liabilities are as much as $1 billion, while its assets are as much as $10 billion
- The Tampa, Florida-based company plans to secure $35 million of debtor-in-possession financing to fund itself through Chapter 11, court papers show
- Private equity firm
Madison Dearborn Partnersbought Benefytt in 2020 for $625 million
- The US
Securities and Exchange Commissionand the Federal Trade Commissiontook action against Benefytt in 2022 for misleading marketing, “sham health plans,” and junk ...
May 23, 2023, 12:24 PM
Benefytt Technologies Files for Chapter 11 Bankruptcy in Texas