Texas health system files for bankruptcy

Rockdale, Texas-based Little River Healthcare, its parent company and several of its affiliated entities entered Chapter 11 bankruptcy July 24.

Court documents show the health system and its affiliates have assets of $50,000 or less and more than $10 million in liabilities. One of the hospitals included in the bankruptcy filing, Crockett, Texas-based Timberlands Hospital, closed last year.

Lawyers have requested the eight Chapter 11 bankruptcy cases filed by LRH and its affiliates be consolidated for procedural purposes.

More articles on healthcare finance:

For-profit hospital operators by the numbers: A look at HCA, Tenet, CHS, LifePoint and UHS
California hospital considers scaling back services to reduce costs
Georgia hospital to close July 26


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