Univita of Florida, a health company in Miramar, Fla., has filed for bankruptcy after closing abruptly and laying off hundreds of employees a month ago, the Sun Sentinel reported today. The home care product provider is seeking to liquidate its remaining assets under chapter 7. The company ceased operations with between 10,000 and 25,000 creditors, according to a checklist that accompanied more than 1,135 pages of court documents filed in Delaware. The company, which had Medicaid and Medicare contracts in Florida, estimated both its assets and liabilities were worth between $50 million to $100 million. Eleven Univita subsidiaries also filed for chapter 7 bankruptcy on Friday. Read more.
For more on healthcare bankruptcies, be sure to pick up a copy of ABI’s Health Care Insolvency Manual, Third Edition.
