Abbott headquarters in North Chicago. (January 23, 2013) <\/p>\n
9:19 a.m. CST, February 15, 2013 <\/p>\n
Liberty Medical Supply Inc., which lists Abbott Laboratories as one of its largest creditors, has filed for chapter 11 bankruptcy protection, according to court documents. <\/p>\n
Liberty Medical Supply Inc. lists assets and liabilities of between $100 million and $500 million. Abbott Laboratories of Abbott Park is owed more than $5 million, documents showed. <\/p>\n
Liberty Medical listed CGS Administrators as its largest unsecured creditor, with a disputed claim of $137.2 million. Express Scripts Holding Co unit Medco Health Solutions Inc was next with a disputed claim of $14.2 million. Abbott was fifth.<\/p>\n
Liberty is based in Port St Lucie, Fla. and provides home delivery of health care products. It said on its website more than 1 million Americans use Liberty Medical for daily diabetes supplies. <\/p>\n
The company listed between 1,000 and 5,000 employees in its bankruptcy filing. <\/p>\n
Nine affiliated entities also filed for bankruptcy, including Polymedica Corp and Liberty Healthcare Group Inc. <\/p>\n
<\/p>\n
Read more here: <\/p>\n
Liberty Medical, related entities file for bankruptcy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Abbott headquarters in North Chicago. (January 23, 2013) 9:19 a.m. CST, February 15, 2013 Liberty Medical Supply Inc., which lists Abbott Laboratories as one of its largest creditors, has filed for chapter 11 bankruptcy protection, according to court documents. Continue reading