Warburg Pincus' CCS Bankrupt

Marino, Jonathan
July 2009
Mergers & Acquisitions Report;7/13/2009, Vol. 22 Issue 28, p18
This article reports that the healthcare company Chronic Care Solutions (CCS) has filed for Chapter 11 bankruptcy in 2009. CCS received a 10 million U.S. dollars debtor-in-possession (DIP) loan from its first lien lenders. The company offers products and services to support disease management, including diabetes test strips, insulin pumps, urological supplies and prescription drugs.


Related Articles

  • Biz backing Blockbuster. GRASER, MARC // Daily Variety;9/24/2010, Vol. 308 Issue 58, p1 

    The article reports that Blockbuster Inc., a video rental chain, has formally filed for bankruptcy protection in the U.S. to remove its 1-billion-dollar debt.

  • Help Your Client Survive Chapter 11. Sharer, Barry R.; Snyder Jr., Robert N. // Pennsylvania CPA Journal;Winter2010, Vol. 80 Issue 4, p1 

    The article discusses the most complex form of bankruptcy Chapter 11 of the U.S. Bankruptcy Code. It says that Chapter 11 permits businesses and individuals to pay their debts and reorganize their finances orderly and to possibly avoid liquidation. It mentions that Chapter 11 is viewed by the...

  • Changes to Bankruptcy Rules Impact Proofs of Claim Based on Credit Card Debt. Driscoll, Jr., Kevin C. // Illinois Banker;Dec2012, Vol. 97 Issue 11, p14 

    The article discusses bankruptcy rule changes and their impact on credit card debt-based proofs of claim in the U.S. It mentions that lenders who file such claim on open-end consumer credit accounts not secured by residential real estate should be aware of the changes effective on December 1,...

  • Haights Cross Gets OK to Restructure Debt.  // Educational Marketer;9/28/2009, Vol. 40 Issue 19, p6 

    The article reports on the debt-restructuring plan of K-12 supplemental and library publisher Haights Cross Communications Inc. in the U.S. It states that the plan would reduce the debt of the publisher from 380 million dollars to 180 million dollars. According to Paul Crecca, chief executive...

  • First Quarter Bankruptcy Filings Fall 6 Percent From 2010; Business Filings Drop 15%.  // Secured Lender;Jul/Aug2011, Vol. 67 Issue 5, p14 

    The article discusses a report by the American Bankruptcy Institute (ABI) on bankruptcy filings for the first quarter of 2011. According to data released by the Administrative Office of the U.S. Courts, the total number of U.S. bankruptcy cases decreased by 6% from January to March 2011 over the...

  • Reinstatement of Debt: Having Your Cake and Eating It Too. Winikka, Daniel P.; Green, Paul M. // Pratt's Journal of Bankruptcy Law;Jul2012, Vol. 8 Issue 5, p391 

    The article discusses the issue of corporate debt reinstatement that involves the provisions of the U.S. Bankruptcy Code to retain valuable credit with below-market terms. Cases following the 2008 financial crisis suggest that a technical covenant default might be insufficient to defeat...

  • Ambac's Reserve Gambit Won't Save It, Analysts Warn. Seymour, Dan // Bond Buyer;8/13/2009, Vol. 369 Issue 33166, p6 

    The article reports that analysts from CreditSights Inc. have warned that the decision of regulators to permit Ambac Assurance Corp. to count its reserves as capital will not save it from bankruptcy in the U.S. Analysts expect claims on insured mortgage debt to affect the company's capital in...

  • Bankruptcy Reform Bill Clears Senate. RAMEY, JOANNA // DNR: Daily News Record;2/7/2000, Vol. 30 Issue 16, p86 

    The article reports that the U.S. Senate has passed its bankruptcy reform bill in February 2000, with expectation that the versions of the Senate and House can be reconciled on time so the final bill can be submitted to each chamber for final voting. The Senate version's main aim is to limit...

  • American Pays On Some Debt. Shields, Yvette // Bond Buyer;3/1/2012, Vol. 379 Issue 33672, p1 

    The article reports that American Airlines Inc. has demonstrated to its investors who funded 3.2 billion dollars of the company's special facilities revenue bonds, that it can pay its debts as of March 2012. It says that as the airline paid some of its debts, it also released their plans to...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics