Southeastern Kentucky Medical Center in Pineville is behind on payroll and needs an influx of cash to overcome financial troubles and keep its doors open, according to the Middlesboro Daily News.
During an emergency meeting May 9, the Pineville City Council voted unanimously to allow Mayor Scott Madon to gather information about acquiring the licenses to operate Southeastern Kentucky Medical Center from Fort Lauderdale, Fla.-based Americore Health.
Mr. Madon said Americore's CEO has agreed to enter into negotiations about turning the hospital's licenses over to the city. However, city leaders aren't interested in managing the hospital over the long term. The goal would be to find an outside company to acquire the hospital's operations. Mr. Madon said city leaders have been reaching out to individuals who previously showed interest in acquiring the hospital, according to the report.
Mr. Madon estimated the city would need to borrow about $1 million immediately if it were to take over operations of the hospital. He said the hospital is roughly $400,000 behind on payroll and the facility is bringing in about $500,000 a month.
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