Less than two years after it opened, Green Valley Hospital is filing for Chapter 11 bankruptcy, its CEO said on Friday, the Arizona Daily Star reported. John Matuska told the Star the decision was made with the intent of financially strengthening the hospital for long-term success. Matuska took the helm of the for-profit hospital in October and is its third CEO. He said that the hospital was filing court papers on Friday in federal bankruptcy court in Tucson. He stressed that the filing represents a restructuring of debt, and will not affect day-to-day hospital operations. The hospital has about 300 employees and no layoffs are expected, officials said. Read more.
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