- 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

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