LifeWallet Calls Cano Health's Ch. 11 Plan Unconfirmable

By Clara Geoghegan · June 24, 2024, 6:05 PM EDT

Claim reimbursement company LifeWallet has told Delaware's bankruptcy court that primary healthcare group Cano Health's proposed Chapter 11 plan would hinder its legal defenses and setoff claims, arguing the plan runs...

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Bankruptcy Scorecard

Summary

Primary care group Cano Health Inc. confirmed a Chapter 11 plan to swap $933 million in debt for equity in the reorganized company after it filed for bankruptcy with a prepackaged plan to either restructure its $1.26 billion in debt or seek a buyer.

Case Number

1:24-bk-10164

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.26 billion

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Documents

Related Sections

Case Information

Case Title

Cano Health, Inc., et al.

Case Number

1:24-bk-10164

Court

Delaware

Nature of Suit

Date Filed

February 04, 2024

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