Bankrupt prison healthcare provider YesCare Corp. won court approval to use roughly $21 million subject to liens from insider lenders to fund payroll and operations, even it announced plans to wind down its patient care business.
The company was granted permission to use cash collateral until mid-June at a hearing Thursday by Judge Luis E. Rivera II of the US Bankruptcy Court for the Middle District of Florida. The financing comes as staffers have failed to show up for work and $9.7 million in payroll has remained overdue.
YesCare will also wind down its patient care operationsafter losing about 80% ...
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