Bankruptcy Judge Benjamin Kahn on Sept. 19 approved a motion allowing for the sale of Morehead Hospital’s assets, the Winston-Salem (N.C.) Journal reported on Saturday. The order is supported by the hospital. Excluded assets include cash and cash equivalents that include investments. Morehead filed for chapter 11 protection on July 10 in the Middle District of North Carolina as part of an attempt at financial reorganization. Hospital trustees have been attempting to find a new operator for more than a year. The bankruptcy filing listed assets and liabilities as both being between $10 million and $50 million, along with between 5,001 and 10,000 creditors. Dana Weston, the hospital’s chief executive, said Friday that the debt is about $58 million.
