Imaging services provider Primedex Health Systems of Los Angeles has emerged from Chapter 11 bankruptcy protection. The company reported last week that the bankruptcy court overseeing its case approved a restructuring of its 10% convertible subordinated debentures, thus concluding the proceedings.
Primedex entered Chapter 11 earlier this year, when it found itself unable to get all of the debenture holders to agree to restructuring terms that would have extended their due date from June 30, 2003 to 2008. The company operates 57 imaging facilities in California, and said the Chapter 11 proceedings did not affect its business operations.
By AuntMinnie.com staff writers
October 13, 2003
Primedex to enter debenture restructuring filing, July 29, 2003
IDX lands Primedex as customer, June 27, 2000
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