Americore Health and its four affiliated hospitals in Pennsylvania, Tennessee, Missouri and Arkansas entered Chapter 11 bankruptcy on Dec. 30.
The bankruptcy petitions state that three of the hospitals — Ellwood Medical Center in Ellwood City, Pa., St. Alexius Hospital in St. Louis and Izard County Medical Center in Calico Rock, Ark. — each entered bankruptcy with less than $50,000 in assets and less than $50,000 in liabilities. Pineville (Ky.) Medical Center’s assets total between $1 million and $10 million, and its liabilities are within the same range, according to the bankruptcy petition.
Read the source article at Becker’s Hospital Review