“It was artificially kept in business for a long time and probably ought to have closed years ago,” says Scott Becker, JD, CPA of McGuireWoods.
The hospital indicated in its Chapter 11 petition that it has $50-$100 million in debt and assets of $10-$50 million, according to Crain’s Chicago Business.
Read the Crain’s report on the bankruptcy protection filing by Michael Reese Hospital.
Read the press release on the bakruptcy filing from Michael Reese Hospital (pdf).
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