What you should know:
1. The ASC filed for voluntary Chapter 7 bankruptcy protection June 11 in the Western District of Texas. Under Chapter 7 bankruptcy protection, businesses are typically liquidating assets to satisfy creditor claims.
2. Babcock Surgical Center’s bankruptcy filing listed assets of up to $50,493 and debts of up to $3.66 million.
3. With an outstanding claim of $2.93 million, the largest creditor listed on Babcock’s bankruptcy filing was UnitedHealthcare Insurance Co.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.