Chilton Medical Center in Alabama Loses License, Seeks New Owner

Chilton Medical Center in Clanton, Ala., is seeking a new owner following the suspension of its license, according to a San Francisco Chronicle report.

Advertisement

The Alabama Department of Health issued an emergency order to suspend the hospital’s license earlier this week when the facility was unable to meet its payroll. The hospital’s license could be permanently revoked, but Ted Chapin, CEO of Chilton Medical, hopes to provide a financial plan for reopening the facility at a Nov. 8 meeting with the health department.

According to the report, the hospital officials must demonstrate the hospital’s financial problems are solved at the upcoming meeting. Hospital officials believe the solution may be finding a new owner, according to the report.

More Articles on Hospital Sales:

City Officials Approve Pauls Valley General Hospital Sale
Carter Validus REIT Buys Vibra New Bedford Hospital
Ascension Health Enters Negotiations to Sell St. Joseph, St. Mary’s Medical Centers to HCA Midwest Health

 

 

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.