Bankrupt prison health-care company Wellpath Holdings Inc. is working to revise its restructuring plan proposal amid objections from junior creditors.
The amended documents, including disclosures about the plan, will be materially different from the current proposal, a spokesperson for Wellpath said Tuesday. The updated proposal will be filed in the next few weeks, the spokesperson said.
A hearing on the plan disclosures is set for Feb. 18. The private equity-backed company filed for bankruptcy in November and put forward its plan proposal, which envisioned either a sale or an alternative restructuring option, a month later.
Judge Alfredo R. Perez of ...
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