Alabama’s Randolph Medical Center to File for Bankruptcy

Randolph Medical Center in Roanoke, Ala., will soon file for bankruptcy following its closure, according to a Randolph Leader report.

Advertisement

The Roanoke Health Care Authority, which oversees the hospital, voted to declare Chapter 11 bankruptcy earlier this week.

The hospital closed last week after failing continue its operations during a bidding process to sell the hospital.

Read the Randolph Leader report on Randolph Medical Center.

Read more coverage on Randolph Medical Center:

Alabama’s Randolph Hospital Shuts Down Hours After Local Healthcare Authority Votes for Closure

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.