After Uphill Battle, Company Is Poised for Takeover of Bankrupt California Hospital
American Advanced Management, a steadily growing operator of small hospitals, is expected to get the green light from a bankruptcy court next week to take over the shuttered Madera Community Hospital. Some community groups worry about the company’s track record.
Giant Health System Almost Saved a Community Hospital. Now, It Wants to ‘Extract Every Dollar.’
A bankruptcy judge will soon decide whether a Central Valley hospital needs to liquidate to repay its creditors. Its largest creditor, St. Agnes Medical Center, is the very entity that backed out of purchasing the Madera Community Hospital last December.
Un sistema de salud gigante casi salvó a un hospital de Madera. Ahora quiere “sacarle cada dólar”
Problemas como el de Madera son comunes en otros hospitales pequeños con situaciones financieras precarias en California, y en todo el país.
