Pottstown, Pa.-based Pottstown Medical Specialists, a physician-owned multispecialty group, filed for Chapter 11 bankruptcy Aug. 30 in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania.
Founded in 1978, the practice has grown from an internal medicine office into a multispecialty group with five primary care offices in Collegeville, Stowe, Royersford, Boyertown and Pottstown, serving patients in Berks and Montgomery counties in southeastern Pennsylvania. Its services now include pulmonology, neurology, rheumatology, pain management, sleep medicine, infusion services and diagnostic sleep and imaging testing, along with clinical research studies.
In its petition, the group listed estimated assets and liabilities each in the range of $1 million to $10 million, with 100 to 199 creditors, according to court filings.
Court records reviewed by Becker’s do not specify a reason for the filing.
Becker’s has reached out to Pottstown Medical Specialists for comment and will update this story if more information becomes available.
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