bankruptcy

Opioid manufacturer Insys Therapeutics has filed for Chapter 11 bankruptcy protection, just five days after agreeing to pay $225 million to settle the federal government's criminal and civil cases against the company for bribing doctors to prescribe its fentanyl-based painkiller.

Stethoscope and gavel against a white backdrop.
Wikimedia Commons

  A hospital and nursing home in Hollywood may be on the auction block soon as its owner and former CEO is in federal prison for Medicare fraud, the South Florida Business Journal reports. 

A Plantation-based health care consulting and technology firm has filed for Chapter 11 bankruptcy reorganization, the South Florida Business Journal reports. 

Health Revenue Assurance Holdings filed documents Monday in federal court.  Its Chief Executive Officer resigned in June, and its Chief Financial Officer declined to renew her contract last month, the Business Journal reports.

Three of Universal Health Care's top executives -- including president and CEO Dr. A.K. Desai -- required that vendors provide the men with lucrative personal deals on the side before signing contracts, an attorney for the U.S. Bankruptcy Court trustee told the  judge at a hearing covered by the Tampa Bay Times.

Tampa Bay Times

The trustee that’s handling the Universal Health Care bankruptcy case says Dr. Akshay Desai illegally diverted $100,000 in company money to Wake Forest University as the insurer was crumbling, the Tampa Bay Times reports.