IU Health Blackford Hospital will close its emergency department and no longer offer "inpatient care services," officials said this week. Those in need of emergency medical treatment in Blackford County will be sent to IU Health Ball Memorial Hospital in Muncie or IU Health Jay Hospital in Portland, both more than 20 miles from the hospital in Hartford City.
The effort to recruit employees to fill open positions at Samaritan Healthcare may not bear fruit until 2024. Samaritan Chief Administrative Officer Alex Town said temporary employee expenses have not dropped as much as hospital officials hoped.
Construction on Heywood Hospital’s new surgical pavilion has been put on pause, officials announced on Monday. Hospital officials were in discussions to adjust the project’s legal and financial structure to better position itself for the future and for negotiation with potential strategic partners, according to a press release.
Palomar Health’s financial reports over the past year show a significant downturn. And as the end of a partnership with Kaiser Permanente nears, it’s unclear how much more money the hospital district could lose.
Fitch Ratings has downgraded Butler Health System's (BHS) Issuer Default Rating (IDR) and the rating on revenue bonds issued by the Butler County Hospital Authority on behalf of BHS, to 'BBB' from 'A'; Rating Watch Negative.
The multi-notch downgrade and rating watch negative reflect deficit operating and excess losses and negative EBITDA through the nine-months ended March 31, that will be sustained through the FYE, likely leading to an event of default under Butler's 12-month debt service coverage covenant under the MTI and for its debt obligations privately placed with Truist Bank.
Campbell County Health has less than a month before hospital board trustees approve its next budget and after consecutive years of substantial losses, the organization is bracing for more realistic expectations.
Through 11 months, the organization has a net loss of about $12 million after factoring non-operating gains, such as the mill levy, into its $28.5 million operating loss.