American Physician Partners Goes Bankrupt After Shuttering (1)

Medical staffing company American Physician Partners LLC filed for bankruptcy protection to wind down its business after it ceased operations in July, citing economic headwinds brought by the pandemic and lost revenue from new regulation.

The company listed assets of as much as $500 million and liabilities of as much as $1 billion in its petition, filed Monday in Delaware. As of July 31, American Physician Partners had transitioned its clients to other emergency medicine companies, hospitals and health systems, according to a statement. It plans to liquidate under court supervision.

American Physician Partners’ decision to fold came ...