Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash

Benzinga · Nov 10 01:33

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Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing to file for bankruptcy.

Owned byH.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement with lenders, financial strains have persisted.

This move comes as prison stocksGeo Group(NYES: GEO) andCoreCivic(NYSE:CXW) moved positively to the news thatDonald Trumpwon the 2024 presidential election.

Meanwhile, Toronto-basedSlang Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) is entering receivership in Colorado and declared bankruptcy in Canada. Unable...

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Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash

Bankruptcy Block

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