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Laser Spine Institute operations shut down, more than 1,000 employees lose jobs

Posted at 5:02 PM, Mar 01, 2019
and last updated 2019-03-01 19:02:45-05

SCOTTSDALE, AZ — Employees at the Laser Spine Institute, which has a location in Scottsdale, learned late Friday that the operation is closing immediately.

In a statement issued to Scripps station ABC Action News, the company said a lack of financing is to blame.

According to the company's website, it employed more than 1,000 people at locations in Tampa, Cincinnati, Scottsdale and St. Louis.

The company said it is in the process of reaching out to patients with scheduled procedures to notify them of the closings. It is also contacting other surgical providers to determine whether these providers can absorb the additional surgical demand, according to the statement.

The Laser Spine Institute has touted its minimally invasive spine procedures in an outpatient setting.