Tag: Joerns Healthcare

CHARLOTTE, N.C. - Joerns Healthcare says the U.S. Bankruptcy Court for the District of Delaware has confirmed the Chapter 11 plan for the company and its domestic subsidiaries. Joerns expects to complete its restructuring and successfully emerge from bankruptcy over the coming weeks. The restructuring plan reduces the company's debt by more than $320 million, while providing up to $40 million of new financing to support its ongoing operations and continued investments. The plan also provides...

CHARLOTTE, N.C. - Joerns Healthcare, a manufacturer of patient handling and wound care products, has filed for Chapter 11 bankruptcy protection, it announced June 25. The company is seeking court approval of a restructuring plan that will eliminate a “substantial” amount of debt and provide operating capital. "By strengthening our financial footing, Joerns will be well-positioned to capitalize on the momentum we have started over the past six months, launching four new products to serve...