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Court approves sale of bankrupt North Carolina hospital


A judge has allowed Morehead Memorial Hospital, a 108-bed nonprofit hospital in Eden, N.C., that filed for Chapter 11 bankruptcy in July, to begin selling off its assets, according to WFMY News 2.

Morehead Memorial President and CEO Dana Weston told WFMY News 2 the hospital is looking for a strategic partner to maintain operations.

Interested parties can submit proposals for the hospital this month. Once all proposals are received, hospital officials will have a better understanding of how they will move forward with the bankruptcy process, according to the report.

More articles on healthcare industry transactions:

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