Florence Hospital in Arizona Declares Chapter 11 Bankruptcy

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Exactly one year after opening, Florence (Ariz.) Hospital at Anthem has filed for Chapter 11 bankruptcy, according to a Casa Grande Dispatch report.

Florence Hospital CEO David Wanger told the Casa Grande Dispatch that the 36-bed hospital has performed well in its primary service areas, but volumes have lagged in its secondary service areas and local prison population.

Although Florence Hospital has not missed any payments on its debts, it has fallen short of profit margin and cash on hand requirements outlined in its lease with its landlord. Florence Hospital will now look to have a reorganization plan approved by a bankruptcy court.

More Articles on Hospital Bankruptcy:

Pauls Valley General Hospital in Oklahoma Files for Chapter 9 Bankruptcy
Southeast Arizona Medical Center Files for Bankruptcy
Rural Hospital Operator HMC/CAH Emerges From Chapter 11 Bankruptcy

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