iCan Benefit Group files for Chapter 11 bankruptcy to avoid ‘hostile takeover’


    iCan Benefit Group LLC, a Boca Raton-based company that operates a health insurance and telehealth business, filed for Chapter 11 bankruptcy in the U.S. District Court for the Southern District of Florida.

    The company owes between $10 million and $50 million to creditors, according to a March 18 bankruptcy petition. Its largest secured claim, for $9 million, is held by Clearwater-based Southern Guaranty Insurance Co.