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Article: Chicago Tribune Inside Health Care Column.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- November 20, 2003
CopyrightCOPYRIGHT 2003 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bruce Japsen
Nov. 20--DEFAULT A RISK FACTOR FOR HEALTH-CARE FIRMS TURNED LENDERS: A lending arm Baxter International Inc. created two years ago to offer financial help to health-care businesses has taken one of its earliest borrowers to court over an unpaid loan.
The Deerfield-based medical products giant's Baxter Capital Corp. sued Cerritos Dialysis Center earlier this month in U.S. District Court in Chicago, seeking more than $250,000 in principal and interest from the center operated in Cerritos, Calif., by Dr. Gadsalli Ravikumar. The entire loan was nearly $1 million, though only the $250,000 remains unpaid, Baxter said.
Although ...
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