Health Diagnostic Laboratory Inc. is looking for additional financing, a buyer or a business partner to help the company stay on its feet and make a turnaround under bankruptcy court protection, the Richmond Times-Dispatch reported today. The clinical laboratory company filed for chapter 11 protection on Sunday after a tumultuous year that included a now-settled federal investigation, the resignation of its top executive, and ongoing legal battles with its former sales contractor and two health insurers. Bankruptcy Judge Kevin R. Huennekens yesterday granted 13 first-day motions to help the company continue to operate during the bankruptcy proceedings, including a motion allowing the company to maintain wages, salaries and benefits for employees.
