American Physician Partners to Close Doors After Cash Squeeze
- The firm plans to transition hospital contracts by month-end
- Staffing firm had been struggling to repay its overdue loans
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Medical staffing company American Physician Partners said it is planning to wind down its operations and transition its hospital contracts.
The cash-strapped company failed to ink a deal with another hospital staffing firm SCP Health, contributing to its decision to shut down in the coming weeks, said a person with knowledge of the situation, who asked not to be identified because the talks are private.