The hospital entered bankruptcy protection to reorganize its debt, and officials said the facility will remain open during the bankruptcy process.
“The hospital is not closing,” Frank Wade, MD, a member of the hospital’s board, told MageeNews.com. “We are reorganizing. This is not the end, but a beginning to a stronger future for Magee General Hospital.”
In its bankruptcy petition, Magee General Hospital listed its assets as between $1 million and $10 million and listed its liabilities in the same range.
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