Heart Institute Files Chapter 11
Posted on Aug 30, 2010 8:00pm PDT
Arizona Heart Institute has filed for Chapter 11 bankruptcy protection. The company is proposing to sell its assets to Vanguard Health Systems for about $6.1 million. The company has cited the economy and general decline in reimbursements from government and private insurers as part of the reason for the filing. Several satellite offices have been closed over the last two years.
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