bankruptcy

Stores will remain open for now, but the company plans to sell prescription files, inventory and other assets as it closes distribution centers and unloads store locations.

The Napes-based company, which owns five hospitals in Georgia and Missouri and operates one in Florida, said it does not plan to close any locations.

Wellpath filed for Chapter 11 in the Southern District of Texas. That move allows for the company to be reorganized. It's one of the largest prison health providers in the country.

Gainesville-based Exactech faces more than 2,000 lawsuits alleging it sold defective knee and hip implants. The surprise action dismayed lawyers representing injured patients.

The lawsuit, which comes a day before Ralph de la Torre is set to step down as CEO, alleges that the members of the committee are trying to punish him for invoking his Fifth Amendment right.

Members of the Health, Education, Labor and Pensions Committee looking into the bankruptcy of Texas-based Steward Health Care have adopted two resolutions designed to hold CEO Ralph de la Torre in contempt.

Ownership of the five hospitals were transferred to Steward's landlord and are being run by an interim manager. The court also approved Orlando Health's purchase of three Steward hospitals in the Space Coast region.

Bankrupt Steward Health announces a deal that allows for the transfer of its hospitals in several states to landlord Medical Properties Trust, which would operate the facilities while seeking new owners.

A bankruptcy judge is scheduled to hold a hearing Sept. 10 on the bid to purchase three Florida hospitals owned by Steward Health, which has filed for Chapter 11.

Judge Christopher Lopez’s order acknowledges that Orlando Health is a qualified bidder and its $439 million offer is a qualified first bid for the medical centers in Brevard and Indian River counties.