YesCare Settles With Prison Health Trust to Cure Payment Default

Prison health-care company YesCare Corp. came to a deal to resolve months of missed settlement payments to trusts created through former affiliate Tehum Care Services Inc.'s bankruptcy, keeping thousands of prisoner injury and wrongful death suits at bay.

YesCare acknowledged its defaults, agreed to make a $2 million initial payment and a $300,000 waiver fee, and committed to paying increased interest on past-due amounts of 8% under the deal. The arrangement was announced at a court hearing Monday in the US Bankruptcy Court for the Southern District of Texas.

Judge Christopher Lopez said during the hearing that he supported ...