Good for the blokes at Craneware. If you’re going to sell your company to be over-leveraged and sold-off piecemeal, leaving…
Gingrich’s Health IT Group Files for Liquidation
The Gingrich Group LLC, doing business as the Center for Health Transformation, has filed for Chapter 7 bankruptcy in a Georgia court. The for-profit organization, which makes up the majority of Newt Gingrich’s net worth in the form of money it owes him for his share of ownership, struggled to survive after Gingrich resigned as its chairman last year to run for the presidency.
The organization listed its assets as less than $100,000, with liabilities stated as $1 million to $10 million.
Several healthcare IT companies are listed among its creditors, including Cerner, Greenway, and Health Trio.
Further evidence that healthcare and government dont mix well.
So the group owes Cerner, Greenway, etc. up to $10 million? But this was not a lobbying group? Can someone please explain how it worked?
So lets see, Ol’ Newt now has abondoned two wives and one comapany. Don’t stop now Newtie!