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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)
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