Labcorp will acquire all of the bankrupt firm's assets on a going concern basis for $239 million in cash consideration and other non-cash consideration, the companies said in separate statements. In February, Invitae filed for voluntary Chapter 11 protection in a U.S. bankruptcy court and said that it intended to pursue a sale process. Invitae's estimated assets were in the $500 million - $1 billion range, while its liabilities were in the $1 billion - $10 billion range, according to the bankruptcy filing.
Sunlight Financial, a green-energy lender that has faced mounting financial troubles, filed the voluntary bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware on Oct. 30.
A telehealth firm based in Charlotte has filed for Chapter 11 bankruptcy protection, according to records at the U.S. Bankruptcy Court for the Western District of North Carolina.
Form 8-K ImmunityBio, Inc. For: Dec 17 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.