Saint Vincent Wants To Sell Unpaid Patient Claims

Law360, New York (November 30, 2006, 12:00 AM EST) -- Bankrupt Saint Vincent Catholic Medical Centers is seeking court approval to sell $190 million in bad debt from patients who haven’t paid their claims totaling $1.76 million.

Saint Vincent has chosen Equicare Capital LLC, which specializes in buying debt that health care providers have written off, because it offered the highest price, and is able to comply with Saint Vincent’s collection policies and state and federal laws and regulations, the company said in court paper filed Friday in the U.S. Bankruptcy Court for the Southern District...
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