St. Margaret’s Health has filed for Chapter 11 bankruptcy and disclosed at least 1,000 creditors who are owed not less than $10 million but not more than $50 million.
Bucktail Medical Center is sounding the alarm regarding its financial standings. CEO Tim Reeves sent out a multi-page letter to area government officials requesting their assistance in ensuring the facility remains in Western Clinton County.
Higher health insurance claims costs drove down Pittsburgh-based hospital giant UPMC’s operating income 82% for the six months ending June 30, compared with the same time period last year, according to financial results released Thursday.
Out of 17 hospitals granted funding from the state’s Distressed Hospital Loan Program, Madera Community Hospital will get the largest share of $50 million in a no-interest loan.
St. Bernards Healthcare announced one of its hospitals will be designated as a rural emergency hospital. The health system said its Five Rivers Medical Center location in Pocahontas would be the first designated as a REH in the state.
Last summer, Greenwood Leflore Hospital was on the brink of closure and up for lease. Now, despite applying for grants from the Legislature, closing several service lines and requesting a more lucrative hospital designation, the hospital is back to square one: it’s going up for lease again.