American Medical Collection Agency Files for Chapter 11 After Health Data Breach

Retrieval-Masters Creditors Bureau, the parent company of the American Medical Collection Agency, filed for Chapter 11 protection after an eight-month long system hack breached the personal, financial, and health data of up to 20 million Quest Diagnostics, LabCorp, and BioReference patients, according to Bloomberg.

Filed in the Southern District of New York, the petition explained that AMCA is seeking to liquidate its assets and liabilities worth up to $10 million due to a “cascade of events.”

After the breach, Retrieval-Masters Creditors Bureau CEO Russell Fuchs wrote in the court filing that the company has incurred “enormous expenses that were beyond the ability of the debtor to bear.” The company has spent $3.8 million to mail over 7 million individual notices to individual breach victims.

According to:

https://healthitsecurity.com/news/amca-files-chapter-11-after-data-breach-impacting-quest-labcorp

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