Laser Spine Institute shuts all facilities, including Scottsdale location
PHOENIX – A Scottsdale surgical center that advertised “minimally invasive spinal procedures” was shuttered last week after the Florida-based company abruptly went out of business.
The Tampa Bay Times reported that the Laser Spine Institute ceased operations Friday with no advance notice to employees.
The company, which was founded in 2004, had headquarters in Tampa and also ran facilities in Ohio and Missouri in addition to the Valley location at Pima Road and Raintree Drive.
In a statement to the newspaper, the Laser Spine Institute said patients were being referred to other local specialists.
“Despite significant cost saving activities over the last six months — including closing three surgical centers — that dramatically reduced its operating cost structure, the company has been unable to achieve a financially sustainable path forward,” the statement said.
In a follow-up story published Tuesday, the paper reported that two class-action lawsuits were filed Monday by former employees over the lack of notice before their termination.
One of the suits aims to represent around 1,000 employees nationwide.