Tennessee hospital to close, lay off 146

Cumberland River Hospital in Celina, Tenn., will close March 1.

Financial troubles are forcing the hospital to shut down. It has experienced significant losses in recent years due to declining reimbursements and lower patient volumes.

"It is with deep regret that we have to make this announcement," said Cumberland River Hospital CEO Paul Korth in a press release. "We have worked diligently to avoid closing Cumberland River Hospital but have been unable to successfully arrange any other option."

The hospital's 146 employees will be laid off when the facility closes, according to a Worker Adjustment and Retraining Notification Act notice filed Jan. 25. The hospital said employees will receive a letter outlining severance pay and benefits.

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