THE VILLAGES, Fla. – A major health care group that caters to The Villages retirement community has filed for Chapter 11 bankruptcy as it tries to sell to a major health group and deals with hundreds of millions of dollars in Medicare overpayments.
The Villages Health System filed for Chapter 11 on July 3, according to records filed in federal bankruptcy court in Orlando.
The filing shows the company owes between $100 million and $500 million, but has assets worth $50 million to $100 million…