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.
Health care
US government points finger at HDL founder
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.
With new deal, HDL gets room to breathe
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.
UVA moves into local medical market
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.
HDL resorts to plan B for financing
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.
Hospital launches $4.5M children’s psych center
A Southside HCA hospital unveiled its newest facility last week, which added 24 beds and new spaces for young psychiatric patients.
HDL to begin hunt for buyer
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.
Lab law shakeup gives rise to health venture
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.
HDL reneges on VCU deal, trustee questions cash transfers
Wading through Chapter 11, the lab company has backed out of a $4 million funding deal with VCU, and a hearing Thursday raised questions about past payouts to shareholders.
On a ‘slippery slope,’ HDL allowed access to more cash
Health Diagnostic Laboratory has been granted enough financial fuel to continue operating at least another month. But both its lender and its landlord warn that the troubled lab company is on a path that could end in bankruptcy liquidation.