BRIEF-Accelerate Diagnostics files for Chapter 11 bankruptcy

Reuters
2025.05.08 12:18
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BRIEF-Accelerate Diagnostics files for Chapter 11 bankruptcyMay 8 (Reuters) - Accelerate ceo says the company plans a sale of assets through a court-supervised auction, has a stalking-horse bidder, and hopes to close within 90 days, court records showAccelerate diagnostics files for chapter 11 bankruptcy protection in delaware, court records showAccelerate says it had $28.6 million assets, $84.6 million debts as of december 31, 2024Accelerate says it has faced headwinds including the covid-19 pandemic, regulatory headwinds, too much debt, unfavorable capital markets, and competition