Virginia home healthcare company files for bankruptcy

Cardiac Connection Home Health Care Nursing Services, a home healthcare company in Richmond, Va., filed for Chapter 11 bankruptcy Monday, according to the Richmond Times-Dispatch.

Advertisement

The company, which provides home care to patients with serious cardiac issues, plans to continue business as usual while it restructures its debt. 

In documents filed in the bankruptcy case, the company listed its assets as between $100,001 and $500,000 and its liabilities as between $500,001 and $1 million, according to the report.

More articles on healthcare finance:

CMS releases preliminary CJR program results: 7 things to know
Tenet to close 232-bed Phoenix hospital
Where to invest $10k right now? Chinese hospitals, says one fund manager

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.