Health
Breast-Implant Maker Sientra Files Bankruptcy After Consumer Pullback
- Company seeks to sell itself during bankruptcy proceedings
- CEO says multiple parties have expressed acquisition interest
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Sientra Inc., a breast implant manufacturer, filed for bankruptcy protection in Delaware, hurt by changing consumer spending habits and rising interest rates.
The Irvine, California-based company plans to use the Chapter 11 process to sell itself and has garnered interest from multiple parties, according to a statement. It also said it received $22.5 million of new financing to help fund itself through the bankruptcy process.