GenesisCare Gets OK For Ch. 11 Plan To Slash $1.5B In Debt

By Emily Lever · November 21, 2023, 9:46 PM EST

KKR-backed health care company GenesisCare got the approval of a Texas bankruptcy judge Tuesday for its Chapter 11 reorganization plan, which it says will wipe $1.5 billion off its balance sheet....

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Australian cancer care provider GenesisCare hit Chapter 11 in June 2023 with $1.7 billion in secured debt. In November, it received approval of a bankruptcy plan that aims to cut $1.5 billion off its balance sheet.

Case Number

4:23-bk-90614

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Northern District of Alabama

Capital Structure

Total Liabilities:

$1.7 billion

View Full Scorecard

Related Sections

Case Information

Case Title

Genesis Care Pty Limited

Case Number

4:23-bk-90614

Court

Texas Southern

Nature of Suit

Date Filed

June 01, 2023

Recent Articles By Emily