Search
 
News

Laser Spine Institute Abruptly Shuts Down Locations in Four States

In addition to its corporate headquarters at 5332 Avion Park Drive in Tampa, the firm also shut the doors at its other three locations—8888 E. Raintree Drive in Scottsdale, AZ; 450 N. New Ballas Road in the St. Louis suburb of Creve Coeur, MO and 644 Eden Park Drive in Cincinnati, OH.

Laser Spine Institute’s Tampa headquarters at 5332 Avion Park Drive. Laser Spine Institute’s Tampa headquarters at 5332 Avion Park Drive.

TAMPA, FL—Laser Spine Institute has ceased operations, turning out the lights at its corporate headquarters here, as well as at other surgical facilities in Ohio, Arizona and Missouri.

The firm announced on Friday that despite initiatives that garnered significant cost savings over the past six months that allowed it to achieve what it termed as an “operational turnaround,” it could not secure the necessary financing to file for Chapter 11 bankruptcy protection that would have allowed it to continue operations. The cost savings activities undertaken in the last six months included the closure of three surgical centers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

Recommended Stories

Where Will Net Lease Go In 2024?

Where Will Net Lease Go In 2024?

Brian A. Lee |

Nobody has a perfect crystal ball’ on CRE investment performance in the coming year, but the net lease sector maintains several advantages, including the sale-leaseback.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.