The 26-bed hospital first filed a petition for bankruptcy protection in Sept. 2010, roughly a year after it opened, when it was unable to pay back a $2.5-million loan and had its accounts frozen, according to the report. Since then, KMC has operated under bankruptcy court protection.
The hospital board is considering two offers from organizations that are willing to invest in the hospital, and it plans to accept one of the offers soon, the report said.
Related Articles on Hospital Bankruptcy:
Hospital Operator Based in Missouri Files for Bankruptcy Protection
Former CEO of Bankrupt Chicago Hospital Charged With Perjury
Bankruptcy Cost Ohio’s Forum Health Nearly $30M in Fees
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.
