Illinois health consulting firm files for bankruptcy

Interactive Health Solutions, a private equity-owned wellness consulting provider based in Schaumburg, Ill., filed for Chapter 7 bankruptcy June 14, according to Law360. 

Advertisement

The company entered bankruptcy with between $100 million and $500 million in liabilities and assets within the same range. It has more than 1,000 creditors, according to Law360, which cited the bankruptcy petition filed in Delaware. 

Interactive, which collects employee healthcare data for companies, has faced more competition in recent months, according to Bloomberg Law. Private equity firm FFL Partners is the company’s largest shareholder. 

More articles on healthcare finance:
Financial fallout from COVID-19: 10 hospitals laying off workers
Man beats COVID-19, says $1.1M tab for treatment adds to ‘survivor’s guilt’
Illinois health system furloughs 460 workers

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.