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Pandemic, Senate Probe Push Prospect Medical Into Ch. 11
The lingering effects of the COVID-19 pandemic, inflation, reimbursement limitations, shifting patient demographics and a cyberattack — along with a recent U.S. Senate investigation into private equity investment in healthcare — have led California-based hospital operator Prospect Medical Holdings Inc. to file for bankruptcy, with over $1 billion in debt.
Meet The Attys Guiding Biora's Ch. 11
Clinical-stage biotechnology company Biora has hired a team of lawyers from McDermott Will & Emery LLP to see it through its Chapter 11, which the debtor started to address funded debt obligations and sell assets to finance its ongoing clinical development.
Catching Up With New Bankruptcy Case Action
New York-based lithium-ion battery maker iM3NY filed for bankruptcy in Delaware, saying it was burdened by $136 million in debt after failing to secure funding for its production plant. Books Inc., a 174-year-old independent bookstore operator in the San Francisco Bay Area, is seeking Chapter 11 protection with $5.2 million in liabilities, and has blamed pandemic-related declines in in-store shopping for its financial woes.
Pandemic, Senate Probe Push Prospect Medical Into Ch. 11
The lingering effects of the COVID-19 pandemic, inflation, reimbursement limitations, shifting patient demographics and a cyberattack — along with a recent U.S. Senate investigation into private equity investment in healthcare — have led California-based hospital operator Prospect Medical Holdings Inc. to file for bankruptcy, with over $1 billion in debt.
Meet The Attys Guiding Biora's Ch. 11
Clinical-stage biotechnology company Biora has hired a team of lawyers from McDermott Will & Emery LLP to see it through its Chapter 11, which the debtor started to address funded debt obligations and sell assets to finance its ongoing clinical development.
Catching Up With New Bankruptcy Case Action
New York-based lithium-ion battery maker iM3NY filed for bankruptcy in Delaware, saying it was burdened by $136 million in debt after failing to secure funding for its production plant. Books Inc., a 174-year-old independent bookstore operator in the San Francisco Bay Area, is seeking Chapter 11 protection with $5.2 million in liabilities, and has blamed pandemic-related declines in in-store shopping for its financial woes.
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