NM Hospital Seeks Ch. 11 As Malpractice Suits Loom
The hospital, which is a 99-bed not-for-profit facility that provides health care services to more than 70,000 people, filed its petition under Chapter 11 in a New Mexico bankruptcy court, listing up to $500 million in assets and up to $100 million in liabilities.
The Gerald Champion board of directors authorized the filing to ensure the hospital’s immediate and long-term ability...
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