Georgia anesthesia practice refiles for bankruptcy

Henry Anesthesia Associates, an anesthesia practice in Stockbridge, Ga., refiled for Chapter 11 personal bankruptcy security July 28, according to insolvency court documents obtained by The Atlanta Business Journal..

According to the insolvency court documents, the anesthesia company owes $1.6 million to Bank of America and $2.3 million to the IRS, among other debts.

Alia Paavola –
Wednesday, July 29th, 2020
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But Henry Anesthesia said that despite the PPP loan, it continues to struggle economically because of the COVID-19 pandemic.

The practice has 26 full-time anesthesiologists and anesthetists, four assistance personnel and nine employees readily available on call..

The anesthesia practice first submitted for Chapter 11 bankruptcy in September. The personal bankruptcy court dismissed the case in June at its request so it could request a Paycheck Protection Program loan.

Henry Anesthesia offers services for 4 Atlanta area hospitals, including Piedmont Henry Hospital, Atlanta Ambulatory Surgical Center and Regenerative Orthopaedics Surgery Center..

Small companies with less than 500 workers are eligible to get PPP loans, but companies in insolvency are not. The anesthesia practice was able to acquire money from the PPP loan, according to the court documents..

More articles on healthcare finance: Georgia healthcare facility to close in OctoberHCA records $1B earnings in Q2Financial fallout from COVID-19: 9 newest health center layoffs and closures.

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