The now-shuttered Compass Medical owes cash to a handful of state and federal businesses, together with the Securities and Exchange Commission, Massachusetts Attorney General’s Office, Internal Revenue Service, and state Department of Unemployment Assistance, in line with a Wednesday submitting in chapter courtroom.
The courtroom doc doesn’t listing the quantities owed to every creditor however a separate submitting from earlier this week says Compass Medical has between 100 to 199 collectors, property of between $10 million and $50 million, and liabilities of between $1 million and $10 million.
Other entities the Quincy-based well being group listed as collectors embrace the Braintree Electric Light Department, Comcast, state Department of Revenue, Eversource Massachusetts, Fedex, Whitman’s Flowers Forever, Pfizer, the Plymouth County Sheriff’s Civil Process Division, and the Taunton Municipal Light Plant, amongst others
Compass Medical additionally owes cash to a handful of cities and cities in Massachusetts as nicely, together with Quincy, Taunton, East Bridgewater, Easton, and Middleborough.
The Herald reached out late Wednesday to a number of of the listed collectors just like the Attorney General’s Office and Massachusetts U.S. Attorney’s Office.
The healthcare group introduced earlier this month its quick intention to shut all of its services in Massachusetts, a transfer that got here as a shock to sufferers and has prompted no less than one lawsuit that accuses the corporate of “patient abandonment.”
Compass Medical Board President Dr. Bruce Weinstein has mentioned the necessity to shut the corporate grew to become clear on the finish of May “when our plan to continue operations collapsed.”
“Since that time, Compass has mobilized its limited remaining resources to stand up a website to assist patients locate their providers, to preserve the medical records and access to them after our closure, and to provide a plan to assure continuity of care for our 70,000 patients including the provision of on-call coverage during this transition,” he mentioned in an announcement final week.
State officers have mentioned they’re trying into the closure of the roughly 450-employee enterprise.
Compass Medical filed for chapter on Monday, itemizing attorneys from Murphy & King as their attorneys.
Compass Medical was convicted on 10 counts of fraud in October 2022 after a 15-day trial in Boston and was ordered to pay Steward Medical Group, a Dallas-based healthcare firm, $16.4 million.
Compass had initially sued Steward in 2017 over failure to pay bonuses to medical doctors and make rental funds, however a jury as a substitute sided with Steward.
The listing of Compass Medical collectors names Steward Medical Group, however it’s unclear if that’s associated to the 2022 ruling.
Compass Medical has proposed an “unwind plan” that features suggestions on easy methods to preserve former sufferers’ medical information, Weintein mentioned in a Wednesday assertion to the Herald.
“It will be the trustee’s decision as to whether or not to accept entirely, modify or replace this plan and the trustee’s responsibility to assure preservation of and access to medical records in accordance with state and federal regulations,” Weinstein mentioned.
State laws require healthcare suppliers licensed by the Department of Public Health to take care of medical information in a way “which permits the former patient or a successor physician reasonable access.”
A spokesperson for the Department of Public Health mentioned Compass Medical isn’t licensed by the state as a result of it’s a non-public doctor group follow. Individual physicians are licensed by the state’s Board of Registry in Medicine.
The Compass Medical web site gave the impression to be down as of Wednesday afternoon, with a message telling guests “error establishing database connection.”
Weinstein had mentioned final week that Compass Medical would replace their web site “regularly with information” on easy methods to contact their doctor of their new follow and easy methods to get hold of medical information.”
Source: www.bostonherald.com”