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MBMG Holding LLC, operator of Clinical Care Medical Centers in Florida, has filed for Chapter 11 bankruptcy, citing financial struggles due to Medicaid and Medicare changes, rising costs post-COVID-19, and substantial debt from its acquisition by Sun Capital Partners. The company plans to sell its 26 facilities to a Humana affiliate for $45 million, pending court and regulatory approvals. KKR has agreed to provide $10 million in financing to support the bankruptcy process.
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