- Associated Press - Monday, October 27, 2014

WEST MEMPHIS, Ark. (AP) - A federal bankruptcy judge has signed off on hiring an auctioneer to sell some assets of the Crittenden Regional Hospital.

The Crittenden Hospital Association filed for bankruptcy last month, reporting $33.3 million in debts and $27.75 million in assets. The bankruptcy filing came after voters approved a special sales tax increase to fund hospital operations, but officials said that wouldn’t be enough to keep the hospital afloat.

The state says the tax won’t be collected.

According to Arkansas Business (https://bit.ly/1pQ4xQq ), assets heading for the auction block include a clinic, women’s center and dental office building in West Memphis and another clinic in Marked Tree. No date has been set for the auction.


Information from: Arkansas Business, https://www.arkansasbusiness.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide