Springfield Hospital and its associated Springfield Medical Care Systems submitted a plan for a bankruptcy bailout funded by the state of Vermont that would have them move forward as separate organizations, the Associated Press reported. The hospital and clinics, which employ around 600 people, proposed in a filing in a Burlington court on Friday to separate from each other but cooperate in coming out of bankruptcy. The plan relies on $6 million in “exit funding” from Vermont’s budget and writing off $4.65 million in unpaid taxes. The funding is included in the budget that the state legislature will vote on this week. Springfield Hospital and Springfield Medical Care Systems, a network of clinics in Springfield, Londonderry, Ludlow, Chester, Rockingham and in Charlestown, N.H., filed for bankruptcy in June 2019 with some $20 million in debt.
