Pa. hospital files for bankruptcy
NEWS IN BRIEF — Posted Feb. 1, 2010
Lower Bucks Hospital in Bristol, Pa., has filed for Chapter 11 bankruptcy protection.
The hospital, which has lost $14 million over the last three years, said its filing was motivated by it missing a $915,000 bond payment on Dec. 15, 2009. The hospital also said its finances have been hurt by an upswing in charity care, from $2 million in 2002 to $12 million in 2009.
The hospital said its 1,000 employees, as well as its patients, should notice no change in operations during the bankruptcy process.
Lower Bucks has tried for three years, without success, to find a potential buyer.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2010/02/01/bibf0201.htm.