Newt Gingrich's Health-Care Think Tank Files for Bankruptcy

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The Republican candidate infamously consulted Freddie Mac through the Center for Health Transformation.

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The Center for Health Transformation, Newt Gingrich's health care think tank, has filed for Chapter 7 bankruptcy, the Atlanta Business Chronicle reports.

According to a filing, the organization plans to liquidate its assets across offices in Washington, Atlanta, and St. Louis. Its liabilities are estimated at $1 million to $10 million, the Chronicle reports.

Through the center, Gingrich famously provided advice to mortgage-lending giant Freddie Mac, for which the former House speaker received much throughout during the Republican presidential race.

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Matt Vasilogambros is a staff correspondent at National Journal.

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