American Physician Partners to Close Doors After Cash Crunch (1)

Medical staffing company American Physician Partners said it is planning to wind down its operations and transition its hospital contracts.

The cash-strapped company failed to ink a deal with another hospital staffing firm SCP Health,contributing to its decision to shut down in the coming weeks, said a person with knowledge of the situation, who asked not to be identified because the talks are private.

“Due to our ongoing financial challenges and despite our best efforts, American Physician Partners will begin transitioning service of its hospital and system partners as of July 31, 2023,” a company representative said in a ...