Although there have been rumors Cleveland (Texas) Regional Medical Center may shutter its doors, the hospital's parent company has said it has no such plans, according to a Cleveland Advocate report.
CRMC CEO Chuck Fulner told the Cleveland Advocate that "it would come as a surprise to me" if the hospital closed.
The 107-bed hospital has been suffering financially over the past few years and had to write off $14 million in bad debt. The hospital also is running behind on paying vendors and utility bills.
New Directions Health Systems, based in Louisville, Ky., bought CRMC from Franklin, Tenn.-based Community Health Systems in 2011 for $900,000. New Directions is planning on making "major refinancing efforts" to get CRMC back on track, according to the report.
CRMC CEO Chuck Fulner told the Cleveland Advocate that "it would come as a surprise to me" if the hospital closed.
The 107-bed hospital has been suffering financially over the past few years and had to write off $14 million in bad debt. The hospital also is running behind on paying vendors and utility bills.
New Directions Health Systems, based in Louisville, Ky., bought CRMC from Franklin, Tenn.-based Community Health Systems in 2011 for $900,000. New Directions is planning on making "major refinancing efforts" to get CRMC back on track, according to the report.
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