After filing for bankruptcy, the health tech firm is catching a break from an insurance provider’s lawsuit, and its other legal proceedings will likely soon be halted as it works through Chapter 11.
Katie Demeria
Newsbites: Noteworthy tidbits for June 16, 2015
The UCI Road World Championships names its official charity, VCU is awarded $10 million and local law organizations receive recognition and grants.
Cary Street corner set for renewal
A three-man development group has plans to bring a handful of apartments and a new restaurant to the stretch of Cary Street between VCU and Carytown.
The Pipeline: Commercial real estate roundup for June 12, 2015
Three large facilities change hands for a total of more than $7.7 million. Several health and fitness companies lease space, and two hospitals buy space in a Chesterfield shopping center for $2 million.
St. Christopher’s headmaster to resign
After 18 years at the all-boys school, Headmaster Charley Stillwell announced that he would be leaving St. Christopher’s to start a new role at a Northern Virginia boarding school.
Medical practices launch new offices
A local medical practice is trading in its Innsbrook location for a spot in a new medical park near short Pump, and a Northern Virginia physical therapy group is boosting its presence in Richmond with an office near Willow Lawn.
DC firm buys 300 Chesterfield apartments
A real estate firm that works with foreign investors made its first move in Richmond market with the purchase of a Chesterfield County apartment complex.
Hospitals grab land for $10 million ER
Health system HCA purchased a chunk of a Chesterfield County shopping center last week as it moves forward with plans for a freestanding emergency room.
HDL’s lawyer: ‘We’re starved of cash’
Updated: The laboratory testing firm, once the darling of Richmond startups, has filed for bankruptcy as it faces massive debt, settlement payments to the federal government and lawsuits from two major insurers.
Breaking news: HDL files bankruptcy
With tens of millions of dollars in debt and under pressure by one of its lenders, Health Diagnostic Laboratory filed for Chapter 11 bankruptcy late Sunday. The initial filings indicate that HDL has more than 200 creditors, 30 of which were named in the documents. The company lists assets worth between $100 million and $500… Read more »