Fairmont General says it will file for bankruptcy - Beckley, Bluefield & Lewisburg News, Weather, Sports

Fairmont General says it will file for bankruptcy

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • 5 Arrested after Shots Fired in Princeton

    5 Arrested after Shots Fired in Princeton

    Thursday, August 21 2014 1:58 AM EDT2014-08-21 05:58:50 GMT
    Several people are arrested on Wednesday night, after dozens of shots are fired on Courthouse Road near Crestview Drive in Princeton.
    Several people are arrested on Wednesday night, after dozens of shots are fired on Courthouse Road near Crestview Drive in Princeton.
  • Suspect Connected to Murder Investigation is Captured

    Suspect Connected to Murder Investigation is Captured

    Wednesday, August 20 2014 6:49 PM EDT2014-08-20 22:49:27 GMT
    Murder Suspect Desean Farley CapturedMurder Suspect Desean Farley Captured
    Desean Farley, a suspect in a Beckley murder investigation, was captured by the U.S. Marshal Service in Wisconsin. Farley s believed to be the man who shot and killed a person at Willbrian Apartments on Saturday, July 12, 2014.
    Desean Farley, a suspect in a Beckley murder investigation, was captured by the U.S. Marshal Service in Wisconsin. Farley s believed to be the man who shot and killed a person at Willbrian Apartments on Saturday, July 12, 2014.
  • How to avoid the back-to-school plagues

    How to avoid the back-to-school plagues

    Wednesday, August 20 2014 6:43 PM EDT2014-08-20 22:43:26 GMT
    During the school year children seem to bring home every type of illness, but there are a few things you can do to prevent your child from catching all those pesky illnesses.Washing hands is the universal way to avoid the spread of germs but there are a few ways you can prevent your child from getting sick when they come in contact with those germs.
    During the school year children seem to bring home every type of illness, but there are a few things you can do to prevent your child from catching all those pesky illnesses.Washing hands is the universal way to avoid the spread of germs but there are a few ways you can prevent your child from getting sick when they come in contact with those germs.
By Kim Freda, Assignment Editor
and Kelsey Pape, Marion and Taylor County Reporter
WBOY-TV

The Fairmont General Hospital Board of Directors has announced that the hospital will file for bankruptcy protection on September 3, 2013.

The hospital said filing for Chapter 11 Bankruptcy protection will allow Fairmont General to restructure long-term debt and contracts, as well as regulate costs with local, regional and national healthcare norms.

"We're moving forward to take this action now because we know it is necessary to make us financially and operationally stronger and to pave a smoother transition when we do find the right partner," said Robert C. Marquardt, president and chief executive officer of Fairmont General in a news release.

Fairmont General Hospital will emerge as a more focused and profitable hospital, said Marquardt.

"All of our employees will have jobs," he said. "They will all have their salaries. We don't plan any layoffs. It should be very transparent to everybody associated with the hospital whether they are patients, staff, or physicians."

Service Employees International Union District 1199 Executive Vice President Kathy McCormick said, "On behalf of the over 300 employees of Fairmont General Hospital represented by SEIU District 1199, let me first say that we are committed to working with hospital management to preserve quality care and services that this community relies on," in a statement issued Friday.

"In the spirit of cooperation, we call upon the management of Fairmont General Hospital to sit down with employees and their representatives to discuss ways to improve hospital operations. Not all of the answers or the best ideas come from the Board Room. If hospital executives are as committed to the future of Fairmont General Hospital as the employees are, they should listen to what workers have to say as well," said McCormick.

Fairmont General Hospital is a private, nonprofit community hospital founded in 1939, according to a news release.