- Associated Press - Monday, January 12, 2015

CHARLESTOWN, Ind. (AP) - A southern Indiana hospital that filed for bankruptcy in 2012 is going up for auction this week.

Saint Catherine Regional Hospital in the Ohio River community of Charlestown entered Chapter 13 bankruptcy protection when it reportedly held unpaid debts in excess of $8 million. Officials expect two or three entities to bid Wednesday for ownership of the hospital about 15 miles north of Louisville, Kentucky.

“I think the hospital is a critical resource for the community, and we want to keep it here,” Charlestown Mayor Bob Hall told the News and Tribune (https://bit.ly/1DAwgyY ). “The bankruptcy, the process of Chapter 13, is to get the hospital where it can be sold.”

The Charlestown City Council has provided $450,000 to keep the hospital running until a new owner can take over, said Lyen Crews, who was appointed the hospital’s trustee and acting CEO by a federal bankruptcy court in November.

Crews said the hospital, which opened in 1976, has suffered from a lack of revenue stemming from problematic computer billing systems. Hall blamed poor management, but said the facility would be “a good business investment.”

Population growth models predict northern Charlestown will grow in the coming years, and Hall said he’s hopeful Saint Catherine can become a viable resource for the city.


Information from: News and Tribune, Jeffersonville, Ind., https://www.newsandtribune.com

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