Multi-Location Medical Corporation Chapter 11

Overview

A multi-location medical corporation operating across Nevada, California, and Arizona entered Chapter 11 bankruptcy following a period of unsustainable growth and payer contract losses. With 6 locations, 45 staff, and 12,000+ active patients, the operational complexity of a compliant wind-down was significant.

The Challenge

The corporation faced simultaneous obligations across three state medical boards, DEA surrender requirements at every location, Medicare and Medicaid withdrawal, 18 insurance panel terminations, and the need to notify over 12,000 patients — all while coordinating with bankruptcy counsel and a court-appointed trustee under Chapter 11 proceedings.

Our Approach

Brad served as President and CFO through the entirety of the process. Working in lockstep with bankruptcy counsel, he built location-specific closure timelines, coordinated all regulatory filings, managed patient notification campaigns, and led the AR recovery effort that ultimately returned $1.2M to the estate — funds originally projected as unrecoverable.

What We Did

• Coordinated simultaneous closure of 6 locations across 3 states
• Managed patient notification for 12,000+ active patients via certified mail and publication
• Recovered $1.2M in AR projected as unrecoverable through systematic payer follow-up
• Completed DEA Form 41 and Form 104 surrender at all locations with zero compliance violations
• Coordinated staff transition for 45 employees with full WARN Act and COBRA compliance
• Managed creditor communications throughout bankruptcy proceedings
• Arranged HIPAA-compliant records custodianship across all three states