fbpx
Big Law

$25M in debt, Calais Regional Hospital files for Chapter 11

Calais Regional Hospital in Maine has filed for bankruptcy protection citing the $25 million it owes to nearly 1,900 creditors, according to Bangor Daily News.

According to annual tax filings, the hospital has lost money every year since 2007.

Officials say the 25-bed hospital will remain open during the court process, which is expected to last a year.

About 275 people work at the facility, making it one of Washington County’s largest employers.

Hospital administrators say no layoffs are planned.

Read More from Source

    Leave a Review or Comment

    Your email address will not be published. Required fields are marked *

    Back to top button
    Close
    Close