American Physician Partners files for bankruptcy protection

American Physician Partners, a medical staffing company based in Brentwood, Tenn., has filed for Chapter 11 bankruptcy protection as it winds down its business.

APP announced its closure in July. By the end of the month, the company transitioned its approximately 150 hospital and health system clients to other emergency medicine staffing firms or insourced services within the organizations. 

APP was founded in 2015 and provided emergency medicine and hospital medicine management services to more than 150 hospitals and health systems in 18 states, according to its website. It is a portfolio company of Brown Brothers Harriman Capital Partners. 

The company listed assets of as much as $500 million and liabilities of as much as $1 billion in its Chapter 11 petition, filed Sept. 18 in Delaware, Bloomberg reports. It plans to liquidate under court supervision.

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