Wednesday, June 25, 2008

More and More U.S. Hospitals Filing for Chapter 11

Recent studies have shown that more than 2,000 hospitals in the U.S. are not generating enough money to fund operations. A large portion of these hospitals are being forced to file for Chapter 11 under the Bankruptcy Code.

Sun Capital HealthCare (SCH) offers hospitals in similar situations a debt-free funding solution. Several years ago, in the wake of the NCFE collapse, SCH aided several healthcare companies regain their footing by creating a post petition funding plan which allowed them to continue operations, pay employees, and fulfill other pre-petition vendor obligations.

SCH's MAR Funding solution can help turnaround the capital structure of a healthcare company in danger or act as an ally for healthcare companies ready for growth.

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