Bankruptcy news and information

A Nevada state court jury found the state's largest health management organization liable Thursday for $24 million in compensatory damages to three plaintiffs in a negligence lawsuit stemming from a Las Vegas hepatitis C outbreak that lawyers called the largest in U.S. history.
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SAN DIEGO—Scripps Health entered hospice care as the area's biggest hospice provider continues to scale down its operations under bankruptcy protection. The not-for-profit San Diego Hospice laid off about a third of its employees after disclosing last year that it faced uncertainty...
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San Diego-based Scripps Health has entered hospice care as the area's biggest hospice provider continues to scale down its operations under bankruptcy protection.
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In the debate over tort reform, “five myths of medical malpractice” with “wide currency in medical circles” are frequently repeated in op-ed essays, blog postings and public statements by physicians, including those designated as spokespersons for organized medicine,...
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Highmark said it reached an agreement to buy out bondholders of the financially distressed West Penn Allegheny Health System for 87.5 cents on the dollar.
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Montefiore Medical Center is expected to buy bankrupt New York Westchester Square Medical Center when the Bronx community hospital puts itself on the auction block next month for about $14 million.
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LifeCare, a Plano, Texas-based long-term acute-care hospital operator, announced today that it has filed for bankruptcy and that its senior secured lenders are taking over the company four months after it defaulted on an interest payment.
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Crushed by long-term debt and expenses that far outstrip revenue, Interfaith Medical Center will file for bankruptcy this week, making the Brooklyn facility the 11th city hospital or health system since 2005 to go belly up.
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Moody's Investors Service lowered West Penn Allegheny Health System's credit rating by three notches to Ca, or “highly speculative,” from Caa1.
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Operating losses more than doubled last year for West Penn Allegheny Health System, a distressed Pittsburgh hospital system that last month abruptly said it would break off a planned acquisition by insurer Highmark.
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