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.
Go behind the scenes at Dancing with the Stars
RTV6 takes you on exclusive look behind the scenes at Dancing with the Stars
Military exercise outrages people in Beech Grove
Many Beech Grove residents were woken up early Tuesday morning by the sound of gunshots at the former St. Francis Hospital in Beech Grove.…
PICS: FBI in raid related to Plainfield threats
Sources tell Call 6 Investigates that the FBI, the Indianapolis Metropolitan Police Department, the Plainfield Police Department and…
FBI, police raid underway on Plainfield threats
A break could be coming for the investigation of several violent threats made against those at Plainfield High School and other public…
Man robs Taco Bell from drive-thru window
Officers with the Indianapolis Metropolitan Police Department are searching for a man who is suspected of robbing a Taco Bell from the…