The trustee representing bankrupt Universal Health Care Group Inc. has filed at least 11 lawsuits, seeking to recover nearly $5.9 million from vendors, the Tampa Bay Business Journal reported today. In some cases the payments to the vendors were made while Universal and a related company, American Managed Care LLC, were insolvent, while in other cases, the payments caused the companies to become insolvent, according to the lawsuits. Universal Health, a St. Petersburg-based holding company that provided health insurance and managed care through its subsidiaries, filed for chapter 11 protection in February 2013. AMC, which handled finances for Universal, filed for bankruptcy three months later. The company was shut down and nearly 700 employees laid off when federal and state investigators raided Universal Health and seized records. After allegations of mismanagement, fraud, dishonesty and inside deals, Soneet Kapila was appointed chapter 11 trustee.
