The president of SynCare, LCC - the Missouri Medicaid contractor ousted last year after a barrage of patient complaints - has filed bankruptcy, leaving a trail of heavy debts to former employees, vendors and its Fortune 500 backer, Centene Corp.
The Chapter 7 filing also sheds new light on SynCare's relationship with Centene, the Clayton-based giant in the field of Medicaid management. Centene, in fact, is listed as the biggest creditor of SynCare's Stephanie DeKemper, who owes Centene nearly $2 million in business loans. Centene is also named as a co-debtor on a $266,735 loan DeKemper obtained from Regions Bank.
DeKemper's personal and business debts are comingled in the bankruptcy, filed on Dec. 29 in federal court in Indianapolis, where her company was based. In all, DeKemper lists $793,661 in assets and debts totaling $5.9 million.
Read the rest of the article at St. Louis Today
No comments:
Post a Comment