Chicago Hospital Seeks Buyer Due To Credit Crisis

Law360 (October 9, 2008, 12:00 AM EDT) -- Lincoln Park Hospital, a facility located in an affluent area of Chicago, has reportedly been forced to put itself up for sale, or face closure and filing for bankruptcy, because it cannot access the capital it desperately needs to fund its operations.

The 125-year-old hospital simply does not have the cash to continue operating its facility, which is licensed for 420 beds and has 145 employees.

“Access to capital has been shrinking and shrinking and shrinking, and the outlook is worsening by the week,” Lincoln Park's...
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