Healthcare Staffing Report: May 7, 2015

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Travel nurse firm files for Chapter 11

Response 1 Medical Staffing filed for Chapter 11 bankruptcy protection, according to court filings. The El Dorado Hills, Calif.-based firm provides travel nurse services.

The firm reported assets of $97,190 and liabilities of $1.3 million. Liabilities include an IRS tax lien for $279,000.

CFO Tyler Covey told the Sacramento Business Journal the company was not going out of business but reorganizing to fuel growth. The Business Journal also reported the company ranked as the second-fastest growing company in the Sacramento area in 2005.