Home delivery company Liberty Medical seeks bankruptcy
Feb 15 (Reuters) - Liberty Medical Supply Inc filed for Chapter 11 bankruptcy on Friday with between $100 million and $500 million in both assets and liabilities, according to documents filed in the U.S. Bankruptcy Court in Delaware.
The company offers home delivery of health care products. It said on its website more than 1 million Americans use Liberty Medical for daily diabetes supplies.
Liberty Medical listed CGS Administrators as its largest unsecured creditor, with a disputed claim of $137.2 million. Express Scripts Holding Co unit Medco Health Solutions Inc was next with a disputed claim of $14.2 million.
The company listed between 1,000 and 5,000 employees in its bankruptcy filing.
Nine affiliated entities also filed for bankruptcy, including Polymedica Corp and Liberty Healthcare Group Inc.
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |