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Carlyle's (CG) LifeCare Holdings, an operator of 27 hospitals in ten states, files for...

Carlyle's (CG) LifeCare Holdings, an operator of 27 hospitals in ten states, files for bankruptcy protection. A group of lenders have joined up to make an offer in which they'll forgive LifeCare's debt in exchange for assets. The proposal is the best one that LifeCare has received; a sale would allow it to keep operating and save 4,500 jobs. Carlyle bought LifeCare for $570M in 2005.
Comments (1)
  • Talk about "screwing the pooch " ... chimps
    11 Dec 2012, 09:54 AM Reply Like
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