About two weeks after reports of it shutting down surfaced, HealthSpot, which offered telemedicine kiosks for workplace and retail locations, has filed for Chapter 7 bankruptcy liquidation, according to a report in Columbia Business First.
There were some positive events in the operation of the business, but the company simply did not have enough cash flow to continue to operate and continue to execute on those positive opportunities, David Whittaker, the companys attorney who filed for bankruptcy, told the publication.
In the last three years, the company saw $1.1 million in revenue, $600,000 from 2015. In its bankruptcy filing, the company reported that it had $5.2 million in assets as well as $23.3 million in liabilities. Of the ass…
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