Health News
- Another Rural Ky. Hospital Will Become Part Of A New Group To Stay Afloat; Glasgow's Hospital Is Buying Columbia's Bankrupt One
ColumbiaMagazine.com Another rural Kentucky hospital is merging with a larger hospital system in order to keep its doors open. T.J. Regional Health, the parent company of T.J. Samson Community Hospital in Glasgow, just announced its plan to buy...
- Knox County Converting Ambulance Tax, Taking 3/8 Of Health Tax And Asking Library For Same In Order To Save Hospital
The Knox County Fiscal Court and the Knox County Board of Health reached a deal Monday to aid its debt-laden county hospital's recovery from bankruptcy by diverting, at least temporarily, 37.5 percent of local health tax revenue to the hospital, asking...
- In Front-page Editorial, Rural Weekly In Adair County Demands That Board Members Of County-owned Hospital Resign
In our experience, most weekly newspapers don't have editorial pages, much less editorials, so when one puts an editorial on the front page and also runs an editorial about the decision, and the work is well-written and well-argued, it's worth...
- As Debt Deepens And Auditors Arrive, Adair County Hospital Ceo Resigns And Is Apparently Escorted From The Building
The CEO of Westlake Regional Hospital in Columbia "resigned Monday morning and was apparently escorted out of the hospital," reports the Adair County Community Voice. Rusty Tungate "and eight others turned in their resignations just one day before a consulting...
- Adair County Community Voice Newspaper, Local Health Department Sponsor Community Health Challenge
Residents of Adair County should be getting more fit in the new year, thanks to community-wide competition sponsored by the local health department and one of the Columbia newspapers. The Adair County Community Voice and the Lake Cumberland-Adair County...
Health News
Adair County Hospital District files Chapter 9 bankruptcy
In a move perhaps unprecedented in Kentucky, the Adair County Hospital District has voted to file for protection under Chapter 9 of the federal bankruptcy code, the same chapter used by bankrupt cities such as Detroit.
The district has a $20 million debt, creditors demanding payment, and no clear way to pay them. "The Chapter 9 filing will allow the hospital district to reorganize by extending the timeline to repay debt, refinance debt, or reduce debt by different means. It does not liquidate the taxing district nor does it close down operations" of Westlake Regional Hospital in Columbia, reports Sharon Burton of the Adair County Community Voice.
David Cantor, an attorney with Seiller Waterman LLC in Louisville, told Burton the filing is ?incredibly rare? and perhaps the first in the state. ?We cannot find any published cases of a Chapter 9 in the Commonwealth of Kentucky,? he said.
Farmers National Bank of Danville has sued in state court, seeking to force the district board to levy a local property tax to pay its debt. "The federal court will, however, now likely decide the local taxation issue," Burton reports. "The hospital board voted to establish a tax but it is stalled until at least the 2014 general election after a group of citizens successfully filed a recall petition."
Only part of the Community Voice story is online, but a 7 MB PDF of its three pages with hospital news can be downloaded here.
The district has a $20 million debt, creditors demanding payment, and no clear way to pay them. "The Chapter 9 filing will allow the hospital district to reorganize by extending the timeline to repay debt, refinance debt, or reduce debt by different means. It does not liquidate the taxing district nor does it close down operations" of Westlake Regional Hospital in Columbia, reports Sharon Burton of the Adair County Community Voice.
David Cantor, an attorney with Seiller Waterman LLC in Louisville, told Burton the filing is ?incredibly rare? and perhaps the first in the state. ?We cannot find any published cases of a Chapter 9 in the Commonwealth of Kentucky,? he said.
Farmers National Bank of Danville has sued in state court, seeking to force the district board to levy a local property tax to pay its debt. "The federal court will, however, now likely decide the local taxation issue," Burton reports. "The hospital board voted to establish a tax but it is stalled until at least the 2014 general election after a group of citizens successfully filed a recall petition."
Only part of the Community Voice story is online, but a 7 MB PDF of its three pages with hospital news can be downloaded here.
- Another Rural Ky. Hospital Will Become Part Of A New Group To Stay Afloat; Glasgow's Hospital Is Buying Columbia's Bankrupt One
ColumbiaMagazine.com Another rural Kentucky hospital is merging with a larger hospital system in order to keep its doors open. T.J. Regional Health, the parent company of T.J. Samson Community Hospital in Glasgow, just announced its plan to buy...
- Knox County Converting Ambulance Tax, Taking 3/8 Of Health Tax And Asking Library For Same In Order To Save Hospital
The Knox County Fiscal Court and the Knox County Board of Health reached a deal Monday to aid its debt-laden county hospital's recovery from bankruptcy by diverting, at least temporarily, 37.5 percent of local health tax revenue to the hospital, asking...
- In Front-page Editorial, Rural Weekly In Adair County Demands That Board Members Of County-owned Hospital Resign
In our experience, most weekly newspapers don't have editorial pages, much less editorials, so when one puts an editorial on the front page and also runs an editorial about the decision, and the work is well-written and well-argued, it's worth...
- As Debt Deepens And Auditors Arrive, Adair County Hospital Ceo Resigns And Is Apparently Escorted From The Building
The CEO of Westlake Regional Hospital in Columbia "resigned Monday morning and was apparently escorted out of the hospital," reports the Adair County Community Voice. Rusty Tungate "and eight others turned in their resignations just one day before a consulting...
- Adair County Community Voice Newspaper, Local Health Department Sponsor Community Health Challenge
Residents of Adair County should be getting more fit in the new year, thanks to community-wide competition sponsored by the local health department and one of the Columbia newspapers. The Adair County Community Voice and the Lake Cumberland-Adair County...