EQMDE stock was halted late into the day. It appears one of its subsidiaries filed for chapter 11. See story below.
biz.yahoo.com
Friday June 19, 3:45 pm Eastern Time
Company Press Release
SOURCE: EquiMed, Inc.
Anesthesia Solutions, Inc. Files Chapter 11 Petition
STATE COLLEGE, Pa., June 19 /PRNewswire/ -- EquiMed, Inc. (Nasdaq: EQMDE - news)
announced today that its wholly owned subsidiary, Anesthesia Solutions, Inc. (''ASI''), has
filled a voluntary petition for reorganization in U.S. Bankruptcy Court, Harrisburg, PA. The
petition seeks relief under Chapter 11 of the U.S. Bankruptcy Court. The proceeding does not
otherwise apply to EquiMed, Inc. or to any of its other assets.
EquiMed is a transnational medical practice management services and outsourcing company. It
provides oncology and anesthesiology services in selected geographical markets through its
network of speciality medical providers, as well as a host of other medical and non-medical
management and data processing services both domestically and internationally.
This press release contains certain forward-looking statements which involve certain significant
risks and uncertainties, as described in EquiMed's filings with the Securities and Exchange
Commission. EquiMed's actual results may differ materially from those described in such
forward-looking statements.
SOURCE: EquiMed, Inc. |
