CRMC CEO Chuck Fulner told the Cleveland Advocate that “it would come as a surprise to me” if the hospital closed.
The 107-bed hospital has been suffering financially over the past few years and had to write off $14 million in bad debt. The hospital also is running behind on paying vendors and utility bills.
New Directions Health Systems, based in Louisville, Ky., bought CRMC from Franklin, Tenn.-based Community Health Systems in 2011 for $900,000. New Directions is planning on making “major refinancing efforts” to get CRMC back on track, according to the report.
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