Federal Judge Says Hospitals Can Stay Open Despite Bankruptcy Filings
Friday, November 10th 2006, 6:07 am
By: News On 6
A federal judge has ruled five small-town Oklahoma hospitals can remain open despite bankruptcy.
The order by a bankruptcy judge allows the hospitals in Stroud, Prague, Seminole, Tishomingo and Anadarko to pay employees and conduct business while the owner undergoes reorganization.
The Shuster Group and some of its affiliates filed Chapter 11 bankruptcy in Okmulgee. Its hospital in Moore is still open despite filing its own bankruptcy petition last week.
The 45 bed Moore hospital opened in August 2005.It owes its primary lender nearly $40-million.