Washington health system files for bankruptcy

Kennewick, Wash.-based Trios Health has filed for Chapter 9 bankruptcy, a bankruptcy proceeding that offers distressed municipalities protection from creditors while a repayment plan is negotiated.

The resolution to file a bankruptcy case was approved by the board in a 6-0 vote on June 29. On the morning of June 30, the hospital filed its bankruptcy petition in U.S. Bankruptcy Court for the Eastern District of Washington, according to the Tri-City Herald.

"We have arrived to a point that we must restructure our debt so that we can sustain our operations and services to the Tri-Cities," said Marv Kinney, president of the Trios board, in a statement to the Tri-City Herald. "We have endeavored to avoid this process by working with our creditors. Unfortunately, a few are not amenable to negotiation so we needed to file so patient care can continue unhindered."

Trios Health includes a full-service community hospital, a women's and children's specialty hospital, outpatient specialty offices and urgent care clinics. 

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