Heywood Healthcare is getting ready for its exit from Chapter 11 chapter
US-based non-profit hospital system Heywood Healthcare has formally filed to exit Chapter 11 of the US Chapter Code.
The well being care system sought Chapter 11 safety final October after dealing with a number of monetary challenges.
The strategic choice to file for defense was additionally meant to shortly tackle a variety of different historic contractual agreements, reorganize the well being care system's funds, pursue business charge will increase and give attention to optimizing companies.
Since submitting for defense, Heywood Healthcare stated it had optimized a number of of its service strains, reopened its inpatient psychological well being unit and achieved progress in a number of departments, together with surgical procedure, inpatient and outpatient models.
The well being system stated there was a 16% improve in labor and supply companies, in addition to profitable retention and enlargement of the medical workforce.
On Could 28, it filed the required paperwork indicating its willingness to emerge from Chapter 11 as an impartial entity.
Achieve entry to essentially the most complete firm profiles available on the market, powered by GlobalData. Save hours of analysis. Achieve aggressive benefit.
Firm Profile – Free Pattern
Your obtain e mail will arrive shortly
We now have confidence within the distinctive high quality of our firm profiles. Nevertheless, we would like you to take advantage of useful choice for your online business. That's why we give you a free pattern you can obtain by submitting the shape beneath.
By GlobalData
Heywood Healthcare president and CEO Rozanna Penney stated: “Heywood Healthcare's progress is attributed to its devoted medical workers and associates, together with robust monetary and operational prudence.
“We are going to proceed fastidiously and absolutely plan, preserve the give attention to affected person care and proceed to foretell potential dangers.
“The board and management workforce specific our gratitude for the steadfast assist of our federal, state and native representatives, in addition to our appreciation for the sufferers who proceed to decide on Heywood Healthcare.”
Heywood Healthcare primarily serves the North Central Massachusetts and Southern New Hampshire areas.
The community-owned well being system's portfolio consists of Heywood Hospital, Athol Hospital and Heywood Medical Group, together with eight satellite tv for pc amenities in Massachusetts.
Heywood Hospital has 134 beds and operates as a nonprofit acute care facility, whereas Athol Hospital is acknowledged as a 25-bed nonprofit vital entry facility.
