Thursday, February 21, 2013

Southeast Arizona Medical Center Files for Bankruptcy

Community Healthcare of Douglas, the operator of Southeast Arizona Medical Center in Douglas, Ariz., has filed for Chapter 11 bankruptcy, according to a Sierra Vista Herald report. High rates of charity care and other financial issues have plagued the 25-bed critical access hospital, which is only miles from the Arizona-Mexico border. Jim Riley, president of CHD, said there will be no layoffs. Sierra Vista (Ariz.) Regional Health Center has been managing SAMC for the past 18 months, and it will continue to do so until a federal bankruptcy court finds a bidder to take over SAMC's operations, according to the report.

Read the rest of the article at Becker's Hospital Review

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