A U.S. Bankruptcy Judge has approved has approved the Chapter 11 liquidation plan of Ohio-based Forum Health despite objections from unsecured creditors, according to a Bloomberg report.
Forum, which operated three hospitals, sold the majority of its assets to Community Health Systems last summer for $120 million.
Forum filed for Chapter 11 in March 2009. The health system lost a reported $100 million from operations in the four years before it filed for bankruptcy, according to the report.
Read the Bloomberg report on Forum Health.
CHS Completes Acquisition of Ohio's Forum Health
Forum, which operated three hospitals, sold the majority of its assets to Community Health Systems last summer for $120 million.
Forum filed for Chapter 11 in March 2009. The health system lost a reported $100 million from operations in the four years before it filed for bankruptcy, according to the report.
Read the Bloomberg report on Forum Health.
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Forum Health Cannot Use Donations to Pay Unsecured CreditorsCHS Completes Acquisition of Ohio's Forum Health