ProPhase Puts Covid Testing Unit in Bankruptcy to Collect Insurance Debts
NegativeFinancial Markets

ProPhase has filed for bankruptcy for its Covid testing unit as it seeks to collect outstanding insurance debts related to its operations in New York. This move highlights the financial struggles faced by companies in the pandemic-related testing sector, raising concerns about the sustainability of such businesses as they navigate the complexities of insurance claims and revenue collection.
— Curated by the World Pulse Now AI Editorial System