AMORY, Miss. (AP) - Three Mississippi hospitals, their physician practices and a Tennessee parent company are filing for bankruptcy, citing more than $70 million in debts.
Curae Health of Knoxville, Tennessee, filed for Chapter 11 bankruptcy reorganization in Nashville, Tennessee on Monday. The nonprofit company operates Gilmore Memorial Hospital in Amory, Panola Medical Center in Batesville and Northwest Mississippi Regional Medical Center in Clarksdale. Curae's Russellville, Alabama, hospital isn't seeking bankruptcy.
In court papers, CEO Stephen Clapp says revenue declined after Curae bought the hospitals in 2017 and they faced higher-than-expected costs for electronic health records. Clapp says Curae plans to keep operating the hospitals, selling them during bankruptcy.
The hospitals are the latest to struggle in Mississippi. Magee General Hospital filed Friday for Chapter 11. Five rural Mississippi hospitals have closed since 2013.