Lion Star LLC, the group that operates Nacogdoches Memorial Hospital, filed for Chapter 11 bankruptcy Friday, saying it owes as much as $50 million to creditors. But CEO Sean Fowler says the company shows signs of profitability and “our assets handily outweigh our liabilities.”
They’re vital to their communities, but rural hospitals and clinics across the U.S. are facing growing challenges to stay open with providers scaling back or closing.
The Minnesota Hospital Association (MHA) painted a bleak financial picture of the state's healthcare industry on Monday, with the release of a new report citing hundreds of millions of dollars in operating losses so far in 2023.
MLK Community Hospital, a crucial safety-net facility serving the South Los Angeles area, may run out of money to pay its bills as soon as next year, hospital leaders are warning.
Surgeries at Our Lady of Fatima Hospital in North Providence and Roger Williams Medical Center in Providence have had to be canceled when equipment and supplies were unavailable because of non-payment to vendors.
The state Department of Health has warned city and state officials that Hoboken University Medical Center (HUMC) is in financial distress, and noted that CarePoint Health System’s other Hudson County hospitals, Christ Hospital in Jersey City and Bayonne Medical Center are facing similar difficulties.