Georgia hospital files for bankruptcy

Southern Regional Medical Center in Riverdale, Ga., has filed for chapter 11 bankruptcy after struggling financially for many years.

The hospital made the filing to stay open while it evaluates a proposed sale of the facility to Ontario, Calif.-based Prime Healthcare Services. Prime signed a letter of intent to acquire most of Southern Regional's assets last month. 

"Both during the bankruptcy case, and after any sale, Southern Regional Medical Center will continue to provide the citizens of Clayton County with a wide array of high-quality medical services," said Jim Adams, Southern Regional's board chairman.

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