bankrupt

Less than three weeks into December, the month has seen a new wave of healthcare bankruptcies as three providers across Arizona, California and Kansas have sought or are planning to seek bankruptcy protection. The filings cite the need to preserve…

A study published Dec. 18 in the BMJ found hospitals acquired by real estate investment trusts can see a significantly higher risk of bankruptcy or closure, even as most quality-of-care and financial performance measures stay unchanged.  The study was led…

A federal bankruptcy judge approved an emergency loan Oct. 14 for Montgomery, Ala.-based Jackson Hospital to help keep it afloat through the holiday season, AL.com reported Oct. 15.  The ruling extends the 344-bed hospital’s debtor-in-possession loan from $22 million to…

The Palo Verde Healthcare District is seeking Chapter 9 bankruptcy protection amid ongoing financial instabilities that could result in the closure of Blythe, Calif.-based Palo Verde Hospital. “This is an important step since getting the news that we would not…

Fort Walton Beach, Fla.-based White-Wilson Medical Center, a multispecialty physician group, has voluntarily sought Chapter 11 protection to restructure its debt without interrupting operations. “White-Wilson intends to propose a Chapter 11 Plan of Reorganization that will provide for distributions to…

Utah Third District Court Judge Patrick Corum has ordered Dallas-based Steward Health Care to pay $951 million to a family after finding the health system liable for medical malpractice for birth injuries sustained during the 2019 delivery of a child…

U.S. Bankruptcy Court Judge Christopher Lopez approved Dallas-based Steward Health Care’s Joint Chapter 11 Plan of Liquidation on July 25, allowing the financially troubled system to distribute proceeds to creditors and wind down operations.  Steward sought Chapter 11 bankruptcy protection…

Dallas-based Steward Health Care filed a lawsuit July 15 in bankruptcy court against its former chairman and CEO, Ralph de la Torre, MD, and other top system executives, claiming they conducted insider transactions that drained Steward’s assets and contributed to…

The U.S. Trustee for the Southern District of Texas filed a May 25 expedited motion to convert Dallas-based Steward Health Care’s Chapter 11 bankruptcy case to a Chapter 7 liquidation due to the for-profit health system’s inability to pay around…

Secaucus, N.J.-based Hudson Regional Health, a four-hospital system, has been created as part of the final step in CarePoint Health’s bankruptcy exit. U.S. Bankruptcy Judge Kate Stickles approved the plan April 17, which went into effect May 22. The system…