Universal Health Care Inc. on Wednesday filed for chapter 11 protection seeking to stay in operation as it tries to sell itself, the Tampa Bay (Fla.) Tribune. In its bankruptcy filing, Universal listed assets of $50 million to $100 million and debts between $10 million and $50 million. Its biggest creditors are HCA, which is owed $6 million, and Colorado IT systems provider TriZetto, which is owed $4 million. Both unsecured claims are listed as disputed.
For more information about health care insolvencies, be sure to pick up a copy of the ABI Health Care Insolvency Manual, Third Edition.