7 hospital bankruptcies so far in 2016

Ayla Ellison -

Here are seven hospitals and health systems that filed for bankruptcy protection since Jan. 1, beginning with the most recent.

1. Coshocton (Ohio) County Memorial Hospital filed for Chapter 11 bankruptcy in June.

2. Colusa (Calif.) Regional Medical Center, which closed in April, filed for Chapter 7 bankruptcy in June.

3. Gardens Regional Hospital and Medical Center, a 137-bed hospital in Los Angeles, filed for Chapter 11 bankruptcy in June. The hospital, which opened in 1997, serves mostly low-income people and is part of Los Angeles County's safety net.

4. In early June, Mandeville, La.-based Progressive Acute Care filed for Chapter 11 bankruptcy for three of its Louisiana hospitals: Winn Parish Medical Center in Winnfield; Avoyelles Hospital in Marksville; and Oakdale (La.) Community Hospital. Progressive also filed for Chapter 7 bankruptcy for Dauterive Hospital in New Iberia, La., which closed in December.

5. Twenty lawsuits over surgeries performed by an orthopedic surgeon pushed Powell (Wyo.) Valley Healthcare, a single hospital system, to file for Chapter 11 bankruptcy in May.

6. Magee, Miss.-based Pioneer Health Services, which owns hospitals in Georgia, North Carolina, Mississippi, Tennessee and Virginia, filed for Chapter 11 bankruptcy in April.

7. In January, Forest Park Medical Center's hospitals in Fort Worth, Austin and Southlake, Texas, filed for Chapter 11 bankruptcy.

More articles on healthcare finance: 

10 things to know about CMS' new mandatory cardiac bundle
Covenant Health taps Cerner for integrated RCM platform
Medicare's top 20 costliest drugs

 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.