Tennessee orthopedic practice files for bankruptcy: 3 details

Specialty Orthopedic Group Tennessee in Lebanon has filed for voluntary Chapter 11 bankruptcy protection, which allows businesses to restructure debts to help repay creditors over time, the Nashville Business Journal reported March 11.

Advertisement

Three details:

1. The practice listed assets of zero and debts up to $286,993.

2. With an outstanding claim of $204,000, First Citizens National Bank was named as the group’s largest creditor.

3. The practice filed for bankruptcy Feb. 24, and bankruptcy courts recorded the filing in early March.

More articles on practice management:
Newsweek’s top orthopedic hospitals in the US
11 spine surgeons using augmented reality
Cyberattack targets OrthoVirginia: 5 details

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Advertisement

Next Up in Practice Management

Advertisement

Comments are closed.