Kentucky hospital files for bankruptcy

Pineville (Ky.) Community Hospital Association filed for Chapter 7 bankruptcy on Nov. 29.

PCHA owned and operated Pineville Community Hospital, now called Southeastern Medical Center, until entering an agreement with Fort Lauderdale, Fla.-based Americore Health in 2017. PCHA still owns the hospital real estate, but it entered a long-term lease deal and sold non-real estate assets to Americore.

In its bankruptcy petition, PCHA listed its assets as between $10 million and $50 million and listed its liabilities in the same range. PCHA said it has at least 200 creditors.

More articles on healthcare finance:

12 health systems with strong finances
Oklahoma surgical hospital closes without paying employees
Fitch: Healthcare profit margins will face pressure in 2019

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


Featured Whitepapers

Featured Webinars