Prison Health Company YesCare Files Bankruptcy in Florida (2)

Prison healthcare business YesCare Corp. has filed for Chapter 11 after facing a cascade of financial and legal troubles.

The Brentwood, Tenn.-based company and certain affiliates sought bankruptcy protection Friday in the US Bankruptcy Court for the Middle District of Florida.

The company listed between 1,000 and 5,000 creditors, between $50 million and $100 million in estimated assets, and between $100 million and $500 million in potential liabilities. YesCare has serviced more than 475 correctional facilities across the country, according to its website.

Insiders of the company, formerly known as Corizon Health Inc., were recently sued in a Texas bankruptcy ...