Heywood Hospital announced Monday that is has filed for Chapter 11 bankruptcy protection. Co-CEO Tom Sullivan said: 'Though our health system has stood the test of time, we are not impervious to financial challenges.'
Some 1,400 clinics depend on federal funds to serve the most vulnerable patients, and any interruptions in their funding will only add to the financial pressures they already face.
Northern Dutchess Hospital has received the largest philanthropic gift ever – $3 million. The contribution, made by Gayle Bontecou, a resident of Clinton Corners, and Tequesta, Fla., is dedicated to the renovation and expansion of the hospital’s emergency department.
The presidents of two Connecticut hospitals owned by Prospect Medical Holdings told a gathering of state legislators Tuesday that their financial situation is dire, that they are struggling to pay bills and, if a deal to sell Prospect’s Connecticut hospitals to Yale New Haven Health is not approved, the facilities may not remain financially viable, according to people in attendance.
The Leflore County Board of Supervisors, almost two weeks after rejecting Greenwood Leflore Hospital’s request to draw $1 million from its $10 million line of credit, approved giving the hospital $3 million on Monday night.
Community needs are prompting changes to Munson Healthcare across the northern Michigan region. Munson Healtchare announced a three-year regional care transformation plan Wednesday.