A federal bankruptcy court trustee overseeing the case involving the owner of the closed Ellwood City (Ky.) Medical Center has had enough of requests by the company to extend its deadline for providing required financial information, the Ellwood City Ledger reported. Paul A. Randolph, acting U.S. trustee, filed an objection yesterday in U.S. Bankruptcy Court Eastern Kentucky District to Americore Holdings LLC’s latest petition to give it another 14 days to file schedules of assets and liabilities and statements on financial affairs. Americore already has been granted two extensions and was supposed to file the required documents by Tuesday, but did not and filed late Tuesday for another extension to Feb. 18. In his petition, Americore CEO Grant White said that he left the day-to-day operations to the individual CEOs for each hospital, including Beverly Annarumo at the medical center, who left the hospital on Jan. 3. He said that her resignation and being unable to hire a financial adviser because of money constraints were among the reasons he has not been able to successfully compile the information required. Randolph said it has been more than 36 days since Americore filed for chapter 11 protection, which he said should have been plenty of time. And he added that the excuses offered by White are not sufficient to provide for more time under bankruptcy court statutes. “In a time period of more than a month, the debtors have provided essentially no information to the United States Trustee,” he said. “Creditors have been similarly stonewalled.”
