The 26-bed hospital first filed a petition for bankruptcy protection in Sept. 2010, roughly a year after it opened, when it was unable to pay back a $2.5-million loan and had its accounts frozen, according to the report. Since then, KMC has operated under bankruptcy court protection.
The hospital board is considering two offers from organizations that are willing to invest in the hospital, and it plans to accept one of the offers soon, the report said.
Related Articles on Hospital Bankruptcy:
Hospital Operator Based in Missouri Files for Bankruptcy Protection
Former CEO of Bankrupt Chicago Hospital Charged With Perjury
Bankruptcy Cost Ohio’s Forum Health Nearly $30M in Fees
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
