Birmingham-based Physicians Medical Center Carraway expects to get loan to stay open

Birmingham News, October 10, 2008

Birmingham, AL-based Physicians Medical Center Carraway expects to get an immediate cash infusion from its landlord to allow it to make payroll and keep the century-old hospital open for the immediate future, hospital officials said. Physicians Carraway has run out of money, and its line of credit was frozen by GE Capital earlier. Board trustees turned to the hospital's other creditors for help to try to avoid filing for bankruptcy.


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