Tennessee hospital shuts down

Perry Community Hospital in Linden, Tenn., suspended all services Nov. 27 and hasn’t released a timeline for when it will reopen, according to the Lewis County Herald

Advertisement

The hospital cited several reasons for the closure, including the effect of COVID-19 on its employees, low patient volume and poor financial condition. The hospital is seeking a $1 million loan to reopen and is prepared to file for bankruptcy if needed, according to the report. 

This is the second time in recent months the hospital has suspended services. 

Read more here

More articles on healthcare finance:
21 hospital closures in 2020
Private equity pushes into healthcare: 9 latest deals
15 hospitals laying off workers

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.