News in Brief
Pro-Solutions, Pisciottanos File Bankruptcy
On Nov. 4, 2010, Pro-Solutions for Chiropractic, Inc., Dr. Maurice A. Pisciottano and his wife, Laurel K. Pisciottano, filed voluntary petitions for Chapter 7 bankruptcy with the United States Bankruptcy Court, Western District of Pennsylvania. At the same time, callers to Pro-Solutions' office (724-731-0600) were greeted with a recorded message stating, "We are no longer doing business." The filing documents for the Pro-Solutions corporation state that the company has between 100-199 creditors, $50,000 or less in assets and $1 million to $10 million of liabilities. The filing documents for the Pisciottanos state that they personally have less than 50 creditors, $50,000 or less in assets and $1 million to $10 million of liabilities.
The bankruptcy filings come on the heels of several lawsuits filed by doctors of chiropractic in California, Florida, Iowa, Pennsylvania, Texas and Washington. At least one of those suits has been settled out of court, with the ProAdjuster purchaser able to "walk away without owing any more money."
Pro-Solutions is the company that sold more than 2,000 ProAdjuster machines in packages ranging as high as $90,000 per package. Doctors of chiropractic purchased most of these packages as leases in which Pro-Solutions received full payment for the equipment from the leasing company. Even a conservative average of $60,000 per package yields a total gross income of over $120 million, not including income from other services.
Palmer College President Retires
Donald P. Kern, DC, PhC, a 1958 graduate of Palmer College of Chiropractic who served as president of the college from 1988-1994 and again beginning in 2005, announced his retirement effective Dec. 31, 2010. Dr. Kern is the only two-time president of Palmer and has served in various leadership capacities at the college for more than 50 years. Palmer Chancellor Dr. Dennis Marchiori and the Palmer Board of Trustees learned of Dr. Kern's retirement plans in early November at the board's meeting in San Jose, Calif., and are in the process of searching for a replacement to lead the college into the future.
According to a Palmer press release announcing his retirment, Dr. Kern will remain involved in college activities following his retirement, including alumni events and fund-raising efforts, and will continue to work with students, something he believes in wholeheartedly:
"The biggest joy and satisfaction of my career has been the opportunity to help more than 28,000 Palmer students learn how to identify and correct subluxations," said Dr. Kern. "That has been, is and always will be the true purpose of Palmer College of Chiropractic."
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