Healthcare & life sciences coverage

chapter 11 and restructuring coverage across Healthcare & life sciences.

108 articles

Showing 13 to 24 of 108 coverage articles

Week of June 1, 2026

Avante Health Solutions: $72.5M Credit-Bid Sale Ends in Chapter 7

Medical-equipment servicer Avante Health Solutions (Jordan Health Products) filed chapter 11 in Delaware Oct 2024 after $20M+ in Philips litigation costs. Staple Street acquired all assets via $72.5M credit bid; no auction held. Case converted to chapter 7 June 24, 2025.

FreefallHealthcare & life sciences

Jun 6

Timber Pharmaceuticals: $14.35M Credit-Bid Sale to LEO Pharma and Liquidating Plan

Timber Pharmaceuticals filed chapter 11 in Delaware on Nov. 17, 2023. LEO Pharma credit-bid $14.35M for its TMB-001 dermatology program after a failed merger. The liquidating plan projected 11.1%–44.3% recovery for unsecured creditors; final decree entered Jan. 29, 2025.

PrenegotiatedHealthcare & life sciences

Jun 1

Navidea Biopharmaceuticals: $11.95M Sale and Subchapter V Liquidation Plan Confirmed

Navidea Biopharmaceuticals secured Subchapter V plan-of-liquidation confirmation on May 27, 2026, distributing residuals from its $11.95M Cardinal Health 363 sale through a Plan Administrator and Litigation Trust, with a Scott Settlement on insider debt.

Subchapter VHealthcare & life sciences

Week of May 18, 2026

May 22

Carbon Health Confirms Debt-for-Equity Plan, Lenders Take 100% of Equity

Carbon Health confirmed a debt-for-equity reorganization after Kroll noticed an April 2 bar date, while $19.5M in financing supported the sale-and-plan track.

PrenegotiatedHealthcare & life sciences

May 22

Benson Hill: From $2B SPAC Valuation to Credit Bid Sale and Chapter 7

Benson Hill funding rounds, investors, SPAC proceeds and bankruptcy path: a $282.3M venture-backed AgTech company moved through a Delaware chapter 11 credit bid sale and chapter 7 conversion.

Chapter 7Healthcare & life sciences

May 22

23andMe: From $6B Unicorn to $305M Nonprofit Sale

23andMe filed chapter 11 in March 2025 after declining from a $6 billion peak valuation to approximately $50 million, compounded by a 6.9 million-customer data breach. A two-stage auction produced a $305 million sale to TTAM Research Institute, a nonprofit founded by co-founder Anne Wojcicki.

Healthcare & life sciences

May 21

CHS Care NY: YesCare Files Chapter 11 After $307M Jackson Verdict

CHS Care NY, LLC filed chapter 11 on May 14, 2026 in the Middle District of Florida, joining the YesCare prison-healthcare group's repeat bankruptcy. The case follows a $307M Michigan jury verdict, the Tehum Plan settlement default, and a Tehum-trust motion to transfer venue to S.D. Texas.

FreefallHealthcare & life sciences

May 18

Omnicare Wins Approval of $250M Sale to GenieRx

Omnicare's Texas bankruptcy court approved the 363 sale of the CVS long-term care pharmacy unit to GenieRx Holdings on May 13, 2026, after a $948.8M False Claims Act judgment; the auction was canceled and plan exclusivity extended to July 2026.

FreefallHealthcare & life sciences

Week of May 11, 2026

May 13

Aceto Corporation: $380M New Mountain Chemicals Sale and Chapter 11 Liquidation

Aceto's chapter 11 in D.N.J. ran dual 363 sales: Chemical Plus to New Mountain Capital for ~$380M after a competitive auction; Rising Pharma to Shore Suven. Liquidating plan effective Oct. 2019; Chemical Plus general unsecured creditors paid in full; Rising Pharma GUC at 26.9%.

Healthcare & life sciences

May 13

GenesisCare: $1.7 Billion Cross-Border Chapter 11, 363 Sale and ROW Reorganization

GenesisCare filed SDTX chapter 11 June 2023 with $1.7B in funded debt. The Australian oncology operator pursued a 363 sale of its U.S. business alongside a reorganization of its Australian, U.K., and Spanish operations. Plan effective February 2024.

FreefallHealthcare & life sciences

Week of May 4, 2026

May 6

St. Margaret's Health: Illinois Hospitals' Chapter 11 Ends in $38M OSF Sale

St. Margaret's Health (Peru and Spring Valley, Ill.) filed chapter 11 Aug. 2023 after rural hospital closures. The Peru campus sold to OSF Healthcare for $38M; a Creditor Trust is resolving SVCB setoff disputes and pending distributions.

FreefallHealthcare & life sciences

May 6

Heywood Healthcare: Plan Cuts $12M Secured Debt, Funds Liquidating Trust

Heywood Healthcare and six affiliates filed chapter 11 in D. Mass. on Oct 1, 2023 under MassHealth recoupment pressure. The plan, confirmed Sept 30, 2024 and effective Oct 1, 2024, wrote down $12M+ of secured debt, funded a $10M GUC trust, and closed a $5M superpriority exit revolver.

PrenegotiatedHealthcare & life sciences