Carbon Health Approved for AI-Focused Bankruptcy Turnaround Plan

Carbon Health Technologies Inc. received bankruptcy court approval of a plan that allows the primary and urgent care provider chain to reorganize by handing the keys to secured lenders, who aim to integrate artificial intelligence into the business.

Carbon Health’s Chapter 11 plan includes about $33 million in new capital and allows the business to continue providing healthcare services through a $100 million debt-for-equity exchange that transfers most ownership to a lender group led by private investment fund Future Solution Investments LLC. Judge Christopher Lopez said he would approve the plan at a hearing held Friday in the US Bankruptcy ...