Oklahoma hospital files for bankruptcy

The public trust operating Pushmataha Hospital filed for bankruptcy Friday. The Antlers, Okla.-based hospital is the seventh rural hospital in the state to file for bankruptcy since 2011, according to The Oklahoman.

Hospital CEO Nick Rowland told The Oklahoman Pushmataha Hospital will remain open as it works to resolve outstanding debt. "We will continue treating and caring for the citizens of Pushmataha County during the reorganization process just as we have always done," he said.

The Pushmataha County-City of Antlers Hospital Authority, the public trust operating the hospital, filed for Chapter 9 bankruptcy — a bankruptcy proceeding that offers distressed municipalities protection from creditors while a repayment plan is negotiated.

More articles on healthcare finance:

Fitch: Change in political environment could disrupt healthcare business models
Erlanger reports net surplus, gives 3,700 employees bonuses
OIG tags North Carolina hospital for incorrect billing

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars