A federal bankruptcy judge recently warned that Kentuckiana Medical Center, a physician-owned hospital in Clarksville, Ind., must file a plan to end its bankruptcy by a Nov. 16 hearing, or it will not receive bankruptcy protection from the court, according to a Courier-Journal report.
The 26-bed hospital first filed a petition for bankruptcy protection in Sept. 2010, roughly a year after it opened, when it was unable to pay back a $2.5-million loan and had its accounts frozen, according to the report. Since then, KMC has operated under bankruptcy court protection.
The hospital board is considering two offers from organizations that are willing to invest in the hospital, and it plans to accept one of the offers soon, the report said.
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The 26-bed hospital first filed a petition for bankruptcy protection in Sept. 2010, roughly a year after it opened, when it was unable to pay back a $2.5-million loan and had its accounts frozen, according to the report. Since then, KMC has operated under bankruptcy court protection.
The hospital board is considering two offers from organizations that are willing to invest in the hospital, and it plans to accept one of the offers soon, the report said.
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