Bradenton, Fla.-based MCR Health, a nonprofit medical group, has exited Chapter 11 bankruptcy after it sought protection in mid-November.
“Over the past several months, MCR Health has faced financial challenges head-on, and through the collective resilience and dedication of its staff, has emerged more focused, stable and committed than ever to its mission,” said a June 6 MCR Health news release shared with Becker’s.
MCR previously held around $14.4 million in debt, which included approximately $12 million in loans and $2.4 million to unsecured creditors, the Tampa Bay Business Journal reported Nov. 13, 2024. The group had also cited damage and disruption after hurricanes Helene and Milton, along with behavioral health service reimbursement rate changes.
Melvin Price, DPM, president and CEO of MCR Health, said in a June 18 statement shared with Becker’s that the group is focused on streamlining operations to restore its financial stability as it emerges from bankruptcy.
“At the same time, it remains committed to expanding community access to affordable care, enhancing telemedicine, and improving patient services through technology and outreach,” Dr. Price said. “These efforts aim to ensure long-term sustainability and better health outcomes for underserved and uninsured populations.”
