Move will see the British healthcare start-up return to private ownership

Babylon shareholders wiped out in restructuring deal

Shareholders in Babylon, a British healthcare start-up that soared in popularity during the pandemic, are set to be wiped out as the company’s main lender is poised to take control of the business.
Babylon said on Wednesday that London-based credit fund AlbaCore Capital is carrying out “a restructuring and recapitalisation” of the business.
This story originally appeared on: Financial Times - Author:Robert Smith