Pinnacle Healthcare Files for Bankruptcy

Pinnacle Healthcare System filed for reorganization under Chapter 11 on Wednesday, according to court filings. The company, which owns Pinnacle Regional Hospital in Boonville, owes somewhere between $10 million and $50 million to more than 200 but fewer than 1,000 creditors, according to its bankruptcy petition. The hospital, clinics and medical practices at the Overland Park, Kansas, location will remain open throughout the reorganization. Both locations are owned by Douglas Palzer.

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