Lion Star, the private company that operates the Nacogdoches Memorial Hospital, has filed for bankruptcy in federal court after the Nacogdoches County Hospital District voted to terminate its lease with the group last month, CBS19.tv reported. According to a petition filed in U.S. Bankruptcy Court of the Northern District of Texas on Nov. 17, Lion Star owes anywhere between $10 million and $50 million to an estimated 200 to 999 creditors. Another court document that details a list of the 20 largest claims shows Lion Star owes over $2.8 million to a clinical staffing company from Arkansas, over $1 million to an electronic health record company and more then $580,000 to a biomedical services group based in California. Other debts listed include electricity, telephone services and other services and recordkeeping. This bankruptcy filing comes after the Nacogdoches County Hospital District board voted to terminate the 10-year lease agreement with Lion Star on Oct. 13. In the agreement, the district is serving as the landlord while Lion Star is the tenant.
