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Medical Arts Lab Opts To File For Chapter 11 Bankruptcy

Oklahoma City-based lab company wants to clear the decks for growth

CEO SUMMARY: Dissident shareholders and a crushing debt burden are the reason Medical Arts Laboratory decided to file for reorganization under Chapter 11 bankruptcy laws. Both factors are the legacy of an ill-fated attempt to create a national laboratory organization between 1994 and 1997. It’s the story of a business strategy that brought Medical Arts …

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