Drug testing lab Millennium Health, which overbilled the federal government by more than $250M, is working with Sitrick and Company on its pre-packaged Chapter 11 bankruptcy.
The San Diego-based company filed for bankruptcy protection Nov. 10 in a bid to restructure and cut $1.15B in debt.
Millennium Health, on of the country's largest drug testing labs, in October agreed to pay $256M for billing Medicare, Medicaid and other federal health programs for unnecessary drug and genetic testing. The company also copped to giving gifts to doctors in exchange for referrals, reported the Wall Street Journal.
Among its debt is $206M in its Justice Dept. settlement.
Sitrick's Mike Sitrick and Terry Fahn advise Millennium.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
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FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
