Prison Health Contractor Expands Texas Two-Step Bankruptcy Tactic

Prison Health Contractor Expands Texas Two-Step Bankruptcy Tactic YesCare, formerly known as Corizon, expands a legal tactic for cleansing businesses of litigation through bankruptcy By Andrew ... Read More

Prison health company YesCare strikes deal in 'Texas two-step ...

Prison health company YesCare has reached a $75 million bankruptcy settlement that will address lawsuits accusing its predecessor of providing prisoners with poor medical care, a rare success for ... Read More

Prison Contractor YesCare in $37 Million Deal to End Texas Two-Step ...

Prison healthcare provider YesCare and its backers reached a $37 million settlement of legal and financial liability it moved into bankruptcy court through an emerging corporate restructuring tactic. Read More

Corizon faced lawsuits from prisoners. Then it went ‘bankrupt.’

A prison medical company faced lawsuits from incarcerated people. Then it went ‘bankrupt.’ The prison giant Corizon spun off a new company, which could allow it to pay pennies on the dollar ... Read More

Corizon Health's Bankruptcy Could Rewrite Rules for Corporate America ...

Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step. In a lawsuit, a former Corizon CEO describes the company's maneuver as "an ... Read More

Potential Conflict of Interest in Prison Health Care Provider's ...

Corizon, a leading private prison health provider, pulled a Texas Two-Step, putting assets in YesCare and debts in Tehum. Tehum then filed for bankruptcy, potentially leaving hundreds of prisoners ... Read More

DOJ says prison health company's bankruptcy should be dismissed

NEW YORK, Feb 23 (Reuters) - The U.S. Department of Justice's bankruptcy watchdog on Friday asked a judge to dismiss the bankruptcy of a prison healthcare contractor, saying that the company ... Read More

UMMS sues Maryland corrections chief over $4.6 million owed by contractor

The University of Maryland Medical System sued the state’s corrections secretary this week, seeking around $4.6 million owed by an embattled contractor for health services in the prison system. Read More

Prison health care provider declares bankruptcy; AZ lawsuits on hold

Nearly 200 civil cases were filed in Maricopa County Superior Court alone against Corizon from 2014 to 2021. In U.S. District Court for Arizona, more than 40 open civil cases list Corizon as a ... Read More