News Sections
Audio
Monroe Hospital Files For Chapter 11 Bankruptcy
Updated August 13, 2014 9:51 AM
 Print    Archive    RSS

(BLOOMINGTON) - Bloomington's Monroe Hospital LLC has filed for Chapter 11 bankruptcy and plans to sell its business to a Prime Healthcare a California hospital operator.

The bankruptcy, filed in federal court in Indianapolis, says the 32-bed hospital had more than twice as many liabilities as assets, and has been losing money due to low patient volume.

The 32-room hospital owes more than $120 million, and the largest debts are with the hospital's landlord.

Monroe Hospital is the smaller of Bloomington's two main hospitals and not to be confused with IU Health Bloomington.

The Herald Times spoke with the hospital's CEO Joe Roche who said none of the hospital employees will lose their jobs as a result of the situation, and the hospital is still open and providing a full range of services.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2014 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  About  |  Feedback