Careismatic Brands Successfully Completes Financial Restructuring Positioned for Continued Leadership in the Medical Apparel Industry [Yahoo! Finance]
Houlihan Lokey, Inc. Class A (HLI)
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Source: Yahoo! Finance
New shareholder group, led by Nexus Capital Management, to support Company's continued strategic transformation to best serve the healthcare community SANTA MONICA, Calif., June 13, 2024 BUSINESS WIRE )--Careismatic Brands, LLC ("CBI" or "the Company"), the world's largest medical apparel provider, today announced that it has emerged from Chapter 11 following confirmation of the Company's Plan of Reorganization on May 31, 2024. The completion of the financial restructuring process marks a pivotal milestone in Careismatic's corporate transformation and positions it for long-term growth. "The completion of our financial restructuring process will enable us to better serve all of our stakeholders in the retail and healthcare communities," said Sid Lakhani, CEO of Careismatic Brands. "We enter our next chapter with strong financial footing and the resources to invest in the innovations that enhance the comfort and confidence of those who wear our uniforms. As I look to our bright fut
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