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.
More articles on surgery centers:
Top-paying jobs in 2020 — Surgeons are No. 1
The state of ASCs in June 2020: 10 observations on supply chain, payers, staffing & future growth
Optum leads $26M funding round for digital therapeutics startup
