Health care

With its $12M financing deal approved in court, bankrupt Health Diagnostic Laboratory is looking ahead to the looming auction of its business and assets.

With a recent capital raise giving a $13 million cushion, a downtown bioscience company completed a 1-for-50 reverse stock split in hopes of moving up in the stock market ranks and drawing more funding for clinical trials.

The bankrupt lab testing firm has made yet another round of layoffs amid a new deal for financing and an upcoming auction of the entire business.

Tonya Mallory, co-founder and former CEO of Richmond-based Health Diagnostic Laboratory, was sued Friday by the federal government and now faces potential civil penalties for her alleged role in a massive kickback scheme.

A bankruptcy court this week approved a $12 million financing deal for the bankrupt blood testing company, pushing its previous main lender, BB&T, down in the creditor priority list.

After VCU and UVA recently ended a collaborative clinic, the Charlottesville health system is striking out on its own in the local health market with a two-doctor children’s cardiology practice in the West End.

After a first deal fell through, the bankrupt lab company says it is days away from finalizing a deal with a new lender. And to save cash, it will also be unloading another of its entity’s assets and moving out of several standalone offices.

A Southside HCA hospital unveiled its newest facility last week, which added 24 beds and new spaces for young psychiatric patients.

The bankrupt medical firm got the court’s approval Tuesday to pursue a sale of its business and its assets, and a buyer should be approved in mid-September.

With increased scrutiny on blood testing in light of a federal investigation, a local startup is stepping up to handle the process with an Uber-like mobile app.