Ohio Gov. Ted Strickland called financially troubled Forum Health in Youngstown “a critically urgent situation,” while three federal legislators appealed to President Obama for financial assistance for the bankrupt health-care agency.
[Read more of this report]One Cuyahoga County commissioner believes Mayor Frank Jackson should lower his $20 million asking price for city-owned land coveted for a medical merchandise mart and new convention center.
[Read more of this report]Trustees of Forum Health in Youngstown will decide during the next two weeks whether to sell part or all of their health system — or reorganize its operations so it can emerge from bankruptcy court. The trustees will deliberate over bids for assets in private. The health system has said nothing yet about the bids, which were due Friday.
[Read more of this report]Community Health Partners announced cuts in jobs and workers hours, while union officials at Youngstown’s Forum Health said they expect layoffs too.
[Read more of this report]Youngstown hospital system Forum Health is reorganizing under Chapter 11 of the federal bankruptcy code “in a strategic move to preserve choice and continuity of quality health care in the Mahoning Valley.” The system cited a heavy debt load, population declines in its communities, the nation’s economic recession and restrictive labor agreements as reasons for the bankruptcy filing.
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