Mississippi hospital files for bankruptcy

Magee (Miss.) General Hospital filed for Chapter 11 bankruptcy Aug. 24.

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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