Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11 / Healthcare Equipment & Services

Vertical Health Solutions Chapter 11 Petition Filed

Vertical Health Solutions (dba OnPoint Medical Diagnostics) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Florida, case number 14-02759. The Company, which provides cloud-based medical imaging quality assurance automation for hospitals and imaging centers, is represented by Andrew Zaron of Leon Cosgrove. The U.S. Trustee assigned to the case scheduled an April 16, 2014 341-Meeting of Creditors. According to documents filed with the Court, “The Debtor has been unable to increase the sale of its goods and services at a pace sufficient to meet its ongoing expenses….Notwithstanding its own cost-cutting measures, the Debtor’s expenses have continued to exceed its revenues, necessitating the instant Chapter 11 bankruptcy filing.”

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