Joseph Cece, founder and CEO of AeroCare Medical Transport System, had no intention of filing for Chapter 11 bankruptcy protection in March 2012 — but then, no business owner ever does.
The Chicago-based air ambulance company, which has had a Scottsdale operation since 2005, wasn’t able to work out payments with lenders and was forced into bankruptcy. read more at: http://www.bizjournals.com/phoenix/blog/health-care-daily/2013/04/surviving-bankruptcy-in-the-medical.html
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