Rural Hospital Operator HMC/CAH Emerges From Chapter 11 Bankruptcy

Share on Facebook
HMC/CAH Consolidated, a critical access hospital operator based in Kansas City, Mo., has emerged from Chapter 11 bankruptcy a little more than one year after it initially filed for reorganization, according to a Yadkin Ripple report.

HMC/CAH, which owns and operates 12 rural hospitals in several states, originally filed for bankruptcy in October 2011.

Larry Arthur, former CEO of HMC/CAH and current CEO of HMC/CAH offshoot Rural Community Hospitals of America, said the hospital group "has significantly reduced its debt and emerged with a sustainable capital structure," according to the report.

More Articles on Hospitals and Bankruptcy:

Highmark, West Penn Bondholders Agree to Skirt Bankruptcy
9 Hospitals That Filed for Bankruptcy in 2012
LifeCare Holdings Files for Bankruptcy, Lenders to Acquire Holdings

© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New From Becker's Hospital CFO

The ultimate CFO dashboard: Metrics to watch to succeed in a shifting healthcare industry

Read Now