KMC, a physician-owned hospital, filed for Chapter 11 bankruptcy in 2010. In July, the hospital received approval for its bankruptcy plan, and in November, it reached a settlement agreement with creditors. KMC had gone through several different financing proposals during the past few years.
Galichia Hospital Group will assume operations of KMC, effective immediately. Michael Phillips, previously CEO of Galichia Medical Group, was named CEO of KMC. The company will invest in a new emergency department and equipment, and it will also expand KMC’s patient rooms from 34 to 46 via telemetry monitoring.
Galichia Hospital Group previously owned Galichia Heart Hospital in Wichita before selling it to Nashville, Tenn.-based Hospital Corporation of America.
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