Forum Health reportedly gets interest from four bidders, should it decide to sell — MedCity Evening Read, Dec. 11, 2009

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.

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Cuyahoga County commissioner believes $20 million asking price for Public Hall should drop — MedCity Evening Read, Dec. 3, 2009

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.

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Forum Health trustees mulling whether to sell part or all of the Youngstown health system — or not

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.

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More layoffs in Northeast Ohio health care (with hints of more to come)

Community Health Partners announced cuts in jobs and workers hours, while union officials at Youngstown’s Forum Health said they expect layoffs too.

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Youngstown’s Forum Health reorganizes under bankruptcy protection

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.

[Read more of this report]


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