Health care firm shutters suddenly, lays off all 500 employees

Tampa-based Laser Spine Institute ceased operations after it was unable to enter the bankruptcy process.

By Business Observer Staff
| 10:01 a.m. March 4, 2019
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

TAMPA — Laser Spine Institute announced March 1 that it has gone out of business, effective immediately, after an attempt to enter Chapter 11 bankruptcy proceedings failed.

According to a press release, the Tampa-based spinal surgery firm made significant cost-saving moves over the past six months, including the closure of three surgical centers, but was unable to achieve a financially sustainable path forward.