BLOOMINGTON, Ind. - 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.
State employee quits job over RFRA
A state employee quit his job Thursday in response to Gov. Mike Pence signing the Religious Freedom Restoration Act.
Woman killed, man injured in east-side shooting
A woman was killed and a man was injured in a drug-related shooting on the city’s east side Thursday evening.
Milwaukee Bucks beat Pacers 111-107
MILWAUKEE (AP) — Ersan Ilyasova had a career-high 34 points and the Milwaukee Bucks held off the Indiana Pacers 111-107 on Thursday night.
Three injured in multi-car crash on west side
Three females were injured in a multi-vehicle crash on the city’s west side Thursday afternoon.
App lets parents track kids' school bus
Want to track your child's school bus on your phone? There's an app for that.