Millennium Health Completes Financial Restructuring And Emerges From Prepackaged Chapter 11
Summary
We have officially completed our financial restructuring and we emerge as a stronger company with substantially less debt, new ownership, and a more efficient corporate structure. The restructuring provides a much improved balance sheet, greater liquidity and allows the company to put more of the cash it generates toward future growth and success of the business. The Court characterized this process as a fresh start for Millennium, and we embrace that opportunity," said Chief Executive Officer Brock Hardaway. "The fact we were able to complete the restructuring process in just over a month is a testament to the hard work, loyalty and support of many groups to whom Id like to extend my gratitude on behalf of the Company," said Hardaway. Finally, I would like to express my appreciation for the professionalism and commitment of our existing lenders, current equity holders and our legal and financial advisors.
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