Pontiac General Hospital has filed for bankruptcy days after announcing the loss of Medicare funding and announcing over 240 layoffs. According to a court document, the hospital, located on 461 W. Huron St., filed for Chapter 11 bankruptcy on Saturday. The document shows the hospital has between $1 million and $10 million in assets, owes somewhere between $1 million and $10 million and has between 50 and 99 creditors.
Read the full article: Pontiac General Hospital Files for Bankruptcy After Announcing Medicare Funding Loss, Layoffs //
Source: https://www.cbsnews.com/detroit/news/pontiac-general-hospital-bankruptcy-medicare-program/