You can read one of the typical press releases here. Rather than battle the Feds over who owes what to who for its star-crossed foray into accepting risk (i.e., the claw back of fees that were unmatched by savings) in Medicare Health Support, privately held LifeMasters is seeking the safe harbor of bankruptcy protection.The BEST summary can be found at Vince Kuraitis' excellently written review of the history, the balance sheets and all that is known and unknown over at e-CareManagement.
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