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Washington Hospital Avoids Closure, Saves 1,000 Jobs

Submitted by ckanon@abi.org on
Kennewick's (Wash.) public hospital district emerged from bankruptcy Wednesday with a firm plan to keep Trios Southridge Hospital open, the Sri-City Herald reported. Bankruptcy Judge Frederick Corbit approved a plan in Spokane, Wash., that sets the stage for the hospital district to sell the hospital and other assets to RCCH Healthcare Partners. The Tennessee-based healthcare operator is also pursuing a deal to acquire Lourdes Health in Pasco. Judge Corbit's approval follows a frenzied series of meetings to win an OK from the district's unsecured creditors. In the end, the district agreed to sweeten the pot by injecting $5.25 million, including $1.3 million in future tax money.
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