The healthcare district that owns Trios Health filed for Chapter 9 bankruptcy in June 2017. Chapter 9 bankruptcy offers distressed municipalities protection from creditors while a repayment plan is negotiated.
The health system emerged from bankruptcy this week after the district’s unsecured creditors approved a plan to sell Trios’ assets. Scott Landrum, the healthcare district’s interim CEO, told the Tri-City Herald if the plan had not been approved, the district would have been forced to close the hospital and lay off its 1,000 employees.
Trios Health includes a full-service community hospital, a women’s and children’s specialty hospital, outpatient specialty offices, and urgent care clinics.
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