Bioscience

Arizona Heart Institute informs patients of bankruptcy filing

September 3, 2010

By Flinn Foundation

[Source: The Arizona Republic] – Arizona Heart Institute has started telling patients that it has filed for bankruptcy and is pursuing a sale to a Tennessee-based health-care company.

A Bankruptcy Court this week ordered the cardiac physicians group to inform patients about its financial standing and planned sale after the court’s trustee raised concerns that patients need to know such details to make informed medical decisions about their care.

Heart Institute representatives argued that mandatory notification about the practice’s bankruptcy filing and proposed sale to Vanguard Health Systems was unnecessary because it would not affect patients.

For more information: Arizona Heart Institute informs patients of bankruptcy filing