Bank One Corp. has asked an Ohio state judge to put the troubled healthcare finance firm National Century Financial Enterprises, Dublin, Ohio, into receivership. A hearing on its request will take place later this month. Meanwhile, National Century announced it has hired turnaround firm Alvarez Marsal, New York, to perform crisis management and restructure the company. National Century, which fronts healthcare providers cash in return for their accounts receivable, has not paid customers in weeks, and its founder, Chairman and CEO Wayne Poulsen resigned today, saying he hoped his departure would help save the company. -- by Mark Taylor
Bank seeks to put National Century into receivership
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