Companies tied to the Advanced Pain Management chain in Wisconsin filed for receivership Sept. 21, saying they’d lay off 240 employees, the report said. The business also filed a petition for receivership to wind down operations and liquidate its assets.
The U.S. Department of Justice alleged Oct. 2 that Advanced Pain Management Holdings gifted shares of incentive stock to non-employee physicians who did procedures at the company’s ambulatory surgery centers, the report said. The company allegedly paid non-employee physicians to be medical directors.
A spokesperson for Advanced Pain Management told the Milwaukee Business Journal the two cases weren’t related. A spokesperson for the U.S. Attorney’s Office in Milwaukee told the publication that Advanced Pain Management paid the $1 million before it filed for receivership.
Advanced Pain Management didn’t immediately respond to a request for comment.
Read the full report here.
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