- Associated Press - Monday, June 23, 2014

WHEELING, W.Va. (AP) - Fairmont General Hospital says its planned sale to Alecto Healthcare Services is moving forward after receiving approval from a federal bankruptcy judge.

The U.S. Bankruptcy Court in Wheeling on Monday signed off on the proposed sale despite objections from federal health officials.

Fairmont General’s lawyer, Mike Garrison said Alecto bid $15.3 million for the hospital. He says the deal will close in the near future.

Federal health officials opposed the sale, saying it would violate federal law by preventing full repayment of money owed on Medicare contracts.

Fairmont General filed for Chapter 11 bankruptcy in September 2013.

The hospital said in court filings that it first began experiencing operating losses and cash flow concerns in 2008.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide