According to Mr. Muntz, the bank “swept nearly $7.3 million” in funds despite a “forbearance agreement” that the two parties entered into six weeks earlier. The bank’s actions left the hospital “no choice” but to close, Mr. Muntz said in a bankruptcy court filing.
Mr. Muntz said that the bank swept the funds on June 5. The facility announced its closure on June 12 and officially ceased operations on June 16. The hospital filed for bankruptcy Sept. 1. Nearby, Peoria, Ill.-based OSF HealthCare has been attempting to purchase and reopen the closed St. Margaret’s Health Peru (Ill.) facilities.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
