BRIEF-Accelerate Diagnostics files for Chapter 11 bankruptcy-February 2024-www.financetom.com

BRIEF-Accelerate Diagnostics files for Chapter 11 bankruptcy

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BRIEF-Accelerate Diagnostics files for Chapter 11 bankruptcy

May 26, 2025 4:04 AM

May 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 show

Accelerate diagnostics files for chapter 11 bankruptcy

protection in delaware, court records show

Accelerate says it had $28.6 million assets, $84.6 million debts

as of december 31, 2024

Accelerate says it has faced headwinds including the covid-19

pandemic, regulatory headwinds, too much debt, unfavorable

capital markets, and competition

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