5 recent hospital bankruptcies

Here are five hospitals and health systems that filed for bankruptcy protection in the past two months, starting with the most recent.

1. Saint Michael's Medical Center in Newark, N.J., filed for chapter 11 bankruptcy protection Aug. 10. The hospital is on track to post a $24 million operating loss this year.

2. Southern Regional Medical Center in Riverdale, Ga., filed for chapter 11 bankruptcy protection July 30. The hospital made the filing to stay open while it evaluates a proposed sale of the facility to Ontario, Calif.-based Prime Healthcare Services.

3. Doctors Hospital of Michigan in Pontiac filed for chapter 11 bankruptcy protection July 24. The physician-owned hospital has been struggling financially for years, and it posted a loss of $11.9 million on net patient revenue of $63.8 million in 2013, the most recent year financial information is available for the facility.

4. Parkview Adventist Medical Center in Brunswick, Maine, filed for chapter 11 bankruptcy protection June 16. The hospital, which has been struggling financially for years, closed its inpatient care facilities and emergency department a few days after its filing. Those services were moved to Brunswick, Maine-based Mid Coast Health Services — a system Parkview is attempting to merge with.

5. The Woodlands, Texas-based Victory Healthcare filed for chapter 11 bankruptcy protection June 12. The system manages six for-profit medical and surgical centers in Texas. In June, the system said it had many buyers interested in taking over the centers.

More articles on healthcare finance:

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New Jersey hospital files for bankruptcy, blames state for troubles

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