Akumin Inc. Reaches Agreement with Stonepeak to Become a Private Company

Akumin Inc. (“Akumin” or the “Company”) (NASDAQ: AKU) (TSX: AKU) announced that it has reached an agreement with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and the Company’s stakeholders on the terms of a financial restructuring that will substantially improve the Company’s balance sheet and provide ample liquidity to position Akumin for future success. The contemplated transaction will result in Akumin no longer being publicly listed. To effect the transaction in a timely and efficient manner, the Company and certain of its subsidiaries will commence prepackaged chapter 11 cases in the Southern District of Texas.

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Source: https://www.prnewswire.com/news-releases/akumin-inc-reaches-agreement-with-stonepeak-to-become-a-private-company-301963598.html

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