Sun Capital-Backed Medical Centers File Chapter 11, Seeks Sale

The operator of Clinical Care Medical Centers, a Florida-based health system owned by Sun Capital Partners, has filed for bankruptcy and intends to sell the business to an affiliate of Humana Inc.

MBMG Holding LLC filed Chapter 11 Sunday in Miami, attributing its financial troubles to Medicaid and Medicare-related changes that have cut into its revenue as well as rising costs following the Covid-19 pandemic which have stressed the health sector.

The company, which runs 26 primary care facilities in Florida that care for about 35,000 patients, said in court papers it has also struggled with the “substantial debt” ...