The largest medical group in San Jose, Calif., 100-physician San Jose/Good Samaritan Medical Group, has filed for Chapter 11 bankruptcy. Officials said services to the group's estimated 100,000 patients will not be curtailed, although some employees might lose their jobs and some offices might be closed. "While the decision to file a Chapter 11 petition was not an easy one, the board of directors determined that it is the most effective and efficient means of reducing our debt while continuing normal operations," Dean Didech, M.D., chairman of the physician-owned multispecialty group, said in a written statement. Didech said the group is committed to using the "breathing room" offered by bankruptcy to develop a long-term plan to deal with its financial troubles. Formed in 1955, the group employs about 400 people and operates eight clinical sites throughout Santa Clara County. In addition to financial problems reflecting lower reimbursement and higher medical costs, the group has struggled because of the steep economic downturn in Silicon Valley, where thousands of workers have lost health insurance coverage. -- by Michael Romano
Calif. medical group seeks bankruptcy protection
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