InSight emerges from Chapter 11

By AuntMinnie.com staff writers

August 2, 2007 -- Imaging services provider InSight Health Services and parent InSight Health Services Holdings have emerged from Chapter 11 bankruptcy.

Following the two-month prepackaged restructuring, InSight said it has eliminated $194.5 million of long-term debt and strengthened its balance sheet, according to the Lake Forest, CA-based firm. In addition, InSight has obtained a revolving credit facility of up to $30 million to provide working capital for ongoing operations.

In other news, InSight's common stock has been approved for listing on the OTC Bulletin Board, initially under the symbol ISGTV.

By AuntMinnie.com staff writers
August 2, 2007

Related Reading

Court OKs InSight recovery plan, July 11, 2007

InSight files for Chapter 11, May 30, 2007

InSight Health seeks to reduce debt, February 15, 2007

DRA charge adds to red ink at InSight Health, September 29, 2006

InSight Health completes East Bay imaging deal, March 16, 2006

Copyright © 2007 AuntMinnie.com

 

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