9 hospital bankruptcies so far in 2016
Here are nine hospitals and health systems that filed for bankruptcy protection since Jan. 1, beginning with the most recent.
1. The public trust operating Pushmataha Hospital filed for bankruptcy Sept. 23. The Antlers, Okla.-based hospital is the seventh rural hospital in the state to file for bankruptcy since 2011.
2. Hebrew HealthCare in West Hartford, Conn., filed for Chapter 11 bankruptcy in August to restructure its debts.
3. Coshocton (Ohio) County Memorial Hospital filed for Chapter 11 bankruptcy in June. Like many other rural hospitals, CCMH faces financial troubles due to the compounding effects of the ACA and increased competition. The hospital has executed an asset purchase agreement with Ontario, Calif.-based Prime Healthcare Services.
4. Colusa (Calif.) Regional Medical Center, which closed in April, filed for Chapter 7 bankruptcy in June. In its bankruptcy petition, the hospital said it had at least 200 creditors.
5. Gardens Regional Hospital and Medical Center, a 137-bed hospital in Los Angeles, filed for Chapter 11 bankruptcy in June. The hospital, which opened in 1997, serves mostly low-income people and is part of Los Angeles County's safety net.
6. In early June, Mandeville, La.-based Progressive Acute Care filed for Chapter 11 bankruptcy for three of its Louisiana hospitals: Winn Parish Medical Center in Winnfield; Avoyelles Hospital in Marksville; and Oakdale (La.) Community Hospital. Progressive also filed for Chapter 7 bankruptcy for Dauterive Hospital in New Iberia, La., which closed in December.
7. Twenty lawsuits over surgeries performed by an orthopedic surgeon pushed Powell (Wyo.) Valley Healthcare, a single hospital system, to file for Chapter 11 bankruptcy in May.
8. Magee, Miss.-based Pioneer Health Services, which owns hospitals in Georgia, North Carolina, Mississippi, Tennessee and Virginia, filed for Chapter 11 bankruptcy in April.
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