Bankruptcy news and information

Rural/Metro Corp., one of the nation's largest ambulance companies with operations mostly in rural areas in 21 states, has filed for Chapter 11 bankruptcy to restructure its finances and save its business.
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Healthcare insurers and hospitals under contracts or that provide services to city of Detroit employees and retirees could be on the hook for unpaid bills depending on how the city's bankruptcy proceedings go.
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Just three days before Sacred Heart Hospital was shut down, owner Edward Novak walked away from a deal to sell the troubled facility, according to a lawyer for the buyer, opportunistic healthcare investor Paul Tuft.
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New York Downtown Hospital—now renamed New York-Presbyterian/Lower Manhattan Hospital—has merged with New York-Presbyterian Hospital to become its sixth member, effective July 1.
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Faced with the prospect of Congress and regulators stepping in to do it for them, the Healthcare Financial Management Association is crafting new standards for the delicate matter of medical debt.
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Financial pressures likely contributed to a helicopter pilot's decision to continue flying through deteriorating weather before crashing in north Florida, killing a Mayo Clinic heart surgeon and technician on their way to retrieve a heart for transplant in 2011, according to a report from the...
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Montefiore Medical Center is buying two more hospitals at fire-sale prices, just months after acquiring bankrupt New York Westchester Square Medical Center.
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The Republican-controlled Arizona Senate passed a state budget that includes expansion of the state Medicaid program.
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SUNY Downstate Medical Center announced Friday afternoon that it has withdrawn a closure plan it filed with the New York State Department of Health for Long Island College Hospital.
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As many doctors struggle to keep their practices financially sound, some are buckling under money woes and being pushed into bankruptcy.
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