HEALTH

CBL Medical Files for Chapter 11: Century City-based CBL Medical Inc. said it made the filing for bankruptcy protection after talks between a lender and CBL’s Physician Groups affiliate broke down. CBL in September said it would close its 10 Physician Groups clinics and exit the workers’ compensation rehabilitation business because of a slowdown in insurance reimbursement. The company said its market capitalization had shrunk to the point where it no longer qualified for listing on the Nasdaq National market. However, it will be listed on the Nasdaq SmallCap market. The stock closed at 41 cents a share, down 16 cents.