HealthCentral
This article was originally published in The Tan Sheet
Executive Summary
E-tailer and subsidiaries, including Vitamins.com and WebRx.com, file for Chapter 11 bankruptcy protection, firm announces Oct. 9. Company says it "intends to proceed with a sale of its assets...in an effort to maximize the value of the business for all of its stakeholders." In September, HealthCentral announced a 43% workforce reduction and saw its stock transferred to the NASDAQ Small Cap market (1"The Tan Sheet" Oct. 1, p. 13)