Indiana hospital files for bankruptcy, plans sale

(WISH Photo, file)
(WISH Photo, file)

BLOOMINGTON, Ind. (AP) — The limited liability corporation that owns a Bloomington hospital has filed for bankruptcy and plans to sell it to a California hospital operator.

The Herald Times reports that Monroe Hospital will likely be purchased by Prime Healthcare, based in Ontario, California.

Bankruptcy documents filed in an Indianapolis court say the 32-bed hospital struggles financially due to low patient volume. The documents estimates the hospital’s assets to be somewhere between $10 million and $50 million, while the liabilities are estimated to total $100 million to $500 million.

The hospital’s CEO says none of the hospital’s employees will be laid off. He says the hospital will remain open and operate fully during the reorganization.

He says the bankruptcy process can take several months, and then the sale of the hospital will be fully worked out.

WISHTV.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus