Although the news report did not include specifics on the hospital’s dire financial situation, Danette McAlhaney, MD, chair of the Bamberg County Hospital board, confirmed filing for bankruptcy was necessary.
Meanwhile, the hospital is working with nearby Barnwell County and Allendale County hospitals to create Tri-County Regional Health System. The proposed health system would call for a new acute-care hospital and three multi-specialty ambulatory centers. Health Care Management Partners in New York City has been hired to manage the three hospitals and restructure their debts.
In accordance to the agreement with Health Care Management Partners, Barnwell and Allendale County are also expected to file for bankruptcy protection.
Read the news report about Bamberg County Hospital.
Related Articles on Hospital Bankruptcy:
Hawaii Medical Center Files for Second Chapter 11 Bankruptcy
California’s Doctor’s Medical Center Posts $15.5M Loss, May Declare Bankruptcy Again
Massachusetts’ Northern Berkshire Healthcare Files For Bankruptcy
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