Morehead Memorial Hospital, a 108-bed nonprofit hospital in Eden, N.C., filed for chapter 11 protection on Monday, Becker's Hospital Review reported yesterday. Documents filed in the case, which is pending in U.S. Bankruptcy Court for the Middle District of North Carolina, said that the hospital listed its assets as between $10 million and $50 million and its liabilities as in the same range. Morehead Memorial said that it has more than 5,000 creditors. The hospital's largest unsecured creditor is San Diego-based medical device company Nuvasive, which has a $641,629 claim. The hospital said it will continue to operate as normal during the bankruptcy process. Read more.
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