Endologix files for bankruptcy, will be taken private by Deerfield: WSJ

Irvine, California-based Endologix, a medical device company, has filed for Chapter 11 bankruptcy with a deal to be taken private by Deerfield, reported the Wall Street Journal.

Irvine, California-based Endologix, a medical device company, has filed for Chapter 11 bankruptcy with a deal to be taken private by Deerfield, reported the Wall Street Journal. The news outlet noted that the acquisition by Deerfield, Endologix’s biggest lender, “would reduce about $180 million in debt and provide roughly $30 million in additional exit financing.”

Source: WSJ