Owner of Saint Catherine Medical Center in Pennsylvania Files for Chapter 11
Saint Catherine Medical Center Fountain Springs is in immediate danger of closure, and President and CEO Merlyn Knapp said in a statement that, "We are evaluating all future options for Saint Catherine Medical Center, including a potential sale and reopening of the hospital."
The U.S. Department of Justice appointed William Schwab, JD, as the Chapter 11 trustee of the hospital, meaning he will take charge of the facilities. He said the future of the hospital will be determined after an investigation is conducted, adding that he is "hoping to turn it around," according to the report.
More Articles on Hospital Bankruptcy:
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.