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.
WATCH: Amazing configurations to rock classics
Not only are the configurations dazzling, but these classic rock covers by Ohio State's marching band are worth the watch and listen.
IMPD officer shoots alleged GameStop robber
An Indianapolis Police officer shot an alleged robber Saturday night at a south side GameStop.
7 bodies now found after Gary man's confession
A total of seven bodies have now been found after a Gary man confessed to murdering several women.
Ind. dog missing in South reunited with family
After being missing for months in a strange land, an Indiana dog is back where she belongs.
Better Business Bureau warns of Ebola scams
The Better Business Bureau and several government agencies are warning the public to be on the lookout for scams related to the Ebola virus.
DNR: Cool rains may shorten fall foliage season
The state Department of Natural Resources says the fall foliage season may be as colorful, but not as long, as usual.