North Carolina hospital closes, files for bankruptcy

Martin General Hospital, a 49-bed facility in Williamston, N.C., suspended operations Aug. 3 and plans to file for bankruptcy.

Advertisement

“Though this is a very emotional decision, Martin General is no longer accepting patients, including emergency patients,” the hospital said in a news release. 

The nearest emergency room is ECU Health Beaufort Hospital in Washington, N.C., 22 miles south of Martin General. 

Martin General, which lost $13 million in 2022, cited financial challenges related to declining population and utilization trends as reasons for the decision.

The hospital is owned by Brentwood, Tenn.-based Quorum Health.

Editor’s note: This article was updated Aug. 4 at 12:21 p.m. CT. 

Advertisement

Next Up in Financial Management

  • Healthcare leaders are often expected to compartmentalize emotion to make difficult decisions, drive results, and maintain operational focus. For many years, I led…

  • Chicago-based CommonSpirit recorded an operating income of $2 million (0% operating margin) in the second quarter of fiscal 2026, down…

  • Amy Assenmacher, RN, senior vice president of revenue cycle at Grand Rapids, Mich.-based Corewell Health, is confident that healthcare is…

Advertisement

Comments are closed.