Primary and urgent care provider chain Carbon Health Technologies Inc. received court approval to enhance the size of its bankruptcy loan from Future Solution Investments LLC to fund operations and sell the business.
The US Bankruptcy Court for the Southern District of Texas approved the company’s April 29 motion to increase its Chapter 11 financing package from $19.5 million to $30.5 million, according to a court docket entry Friday.
The healthcare company, which operates more than 80 locations across the US, said it negotiated a larger financing arrangement to accommodate an extended bankruptcy case timeline that contemplates the closing of ...