Owner of Saint Catherine Medical Center in Pennsylvania Files for Chapter 11

Saint Catherine's Hospital of Pennsylvania, LLC, which owns Saint Catherine Medical Center Fountain Springs in Ashland, Pa., has filed for Chapter 11 bankruptcy, according to a Republican Herald report.

Saint Catherine Medical Center Fountain Springs is in immediate danger of closure, and President and CEO Merlyn Knapp said in a statement that, "We are evaluating all future options for Saint Catherine Medical Center, including a potential sale and reopening of the hospital."

Sign up for our FREE Hospital CFO E-Weekly for more coverage like this sent to your inbox!

The U.S. Department of Justice appointed William Schwab, JD, as the Chapter 11 trustee of the hospital, meaning he will take charge of the facilities. He said the future of the hospital will be determined after an investigation is conducted, adding that he is "hoping to turn it around," according to the report.

More Articles on Hospital Bankruptcy:

Bankruptcy Judge Accepts Hudson Holdco's $43M Bid for Christ Hospital

Cheboygan Memorial Hospital in Michigan Files for Chapter 11 Bankruptcy

Christ Hospital in New Jersey Files for Chapter 11 Bankruptcy

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months