The court has recently ordered the Arizona Heart Institute to inform patients that they are filing for bankruptcy and is planning a sale to a Tennessee-based company. The court announced that the patients need to know these details in order to make the best medical desicions for themselves.
The cardiac physicians group filed for Chapter 11 bankruptcy in late July and announced that they would be sold to Vanguard shortly after. The chief operating officer of the institute said that she did not think that notifying the patients was necessary at first because the surgeries that they perform do not have to do with the bankruptcy filings because they are performed at Arizona Heart Hospital. Since the institute began telling patients, no concerns have been raised.
If you or a your business are considering filing for bankruptcy, contact the Arizona business bankruptcy lawyers of the Harmon Law Office, LLC by calling 480-829-0494 to discuss your legal options.