Trinity Regional Hospital Sachse (Texas) is the most recent hospital to file for bankruptcy, which was first reported by Bloomberg.
The hospital opened two years ago and since then has defaulted on around $70 million of municipal bonds that were issued in 2020. Trinity Regional Hospital Sachse's owner listed assets of $50 million to $100 million and liabilities of $100 million to $500 million on the bankruptcy petition.
The hospital aims to find a buyer, according to Bloomberg, and MeadowLark Advisors' Jonathan Nash is serving as the chief restructuring officer.
Trinity Regional Hospital Sachse is a nonprofit 32-bed hospital with surgical services, an emergency department and both inpatient and outpatient care.
Take a look at 11 other hospitals that recently filed for bankruptcy, closed or announced plans to close this year.