The hospital opened two years ago and since then has defaulted on around $70 million of municipal bonds that were issued in 2020. Trinity Regional Hospital Sachse’s owner listed assets of $50 million to $100 million and liabilities of $100 million to $500 million on the bankruptcy petition.
The hospital aims to find a buyer, according to Bloomberg, and MeadowLark Advisors’ Jonathan Nash is serving as the chief restructuring officer.
Trinity Regional Hospital Sachse is a nonprofit 32-bed hospital with surgical services, an emergency department and both inpatient and outpatient care.
Take a look at 11 other hospitals that recently filed for bankruptcy, closed or announced plans to close this year.
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