Akumin inc. reaches agreement with stonepeak to become a private company

Financial restructuring to fortify balance sheet and provide liquidity runway for next stage of growth approvals received from key stakeholders across capital structure; transaction will  be implemented through prepackaged court-supervised process; expected to obtain court approval within the next 45 days business will continue to operate as usual without interruption; trade creditors, employees, and other partners expected to continue to be paid in ordinary course plantation, fla. , oct. 20, 2023 /prnewswire/ - akumin inc. ("akumin" or the "company") (nasdaq: aku) (tsx: aku) announced today 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.
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