Marshall, Mo.-based Fitzgibbon Hospital has voluntarily filed for Chapter 11 bankruptcy protection as the independent rural hospital pursues a potential sale of the facility. The hospital said it has faced increasing financial pressures, including rising operating costs, workforce shortages and reimbursement at less than cost from government payers, according to an April 21 news release from Fitzgibbon. Fitzgibbon’s board and management determined that filing for Chapter 11 in concert with a proposed sale was the path forward after consulting with healthcare advisory firms and attorneys, the release said.
Read the full article: Missouri Hospital Files for Bankruptcy, Pursues Sale //
Source: https://www.beckershospitalreview.com/finance/missouri-hospital-files-for-bankruptcy-pursues-sale/