Bankruptcy for SoCal hospital, but no layoffs

A Southern California high desert hospital has filed for Chapter 11 bankruptcy protection.

Officials with Victorville’s 101-bed Victor Valley Community Hospital blame the California budget impasse in part for their financial woes, saying the state owes it $2.5 million in Medi-Cal reimbursements.

The bankruptcy filing Monday in Riverside says the hospital was $20 million in debt.

Prime Healthcare Services Foundation Inc., owner of Desert Valley Hospital, announced this week it has agreed to acquire Victor Valley Community.

The Victorville Daily Press says the hospital plans to remain open during reorganization and there are no plans for layoffs.

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Information from: Daily Press, http://www.vvdailypress.com

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/16/state/n083129D90.DTL&type=business#ixzz0zzloTtHd

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About Law Office of Daniela P. Romero, APLC

We represent consumers and in Chapter 7 and 13 bankruptcy cases within the United States Bankruptcy Court for the Central District of California. Get a fresh start! Nosotros representamos a individuos y pequeñas empresas en el Capítulo 7 y 13 casos de bancarrota en el Tribunal de Quiebras de los Estados Unidos para el Distrito Central de California. Empiece de nuevo!
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