Americore Health and its four affiliated hospitals in Pennsylvania, Kentucky, Missouri and Arkansas entered Chapter 11 bankruptcy on Dec. 30.
The bankruptcy petitions state that three of the hospitals — Ellwood Medical Center in Ellwood City, Pa., St. Alexius Hospital in St. Louis and Izard County Medical Center in Calico Rock, Ark. — each entered bankruptcy with less than $50,000 in assets and less than $50,000 in liabilities. Pineville (Ky.) Medical Center's assets total between $1 million and $10 million, and its liabilities are within the same range, according to the bankruptcy petition.
Fort Lauderdale, Fla.-based Americore's affiliate hospitals have faced financial troubles for months. Most recently, Ellwood Medical Center shut down Dec. 10, laid off 152 employees and fell behind on payroll.
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