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>>

  • UPDATE: One lane of Route 20 near Hinton is back open

    BREAKING: Route 20 in Hinton blocked by rockslide

    Thursday, April 17 2014 6:39 PM EDT2014-04-17 22:39:43 GMT
    Dispatchers in Summers County are asking people to use caution this morning while traveling on Route 20.The road was closed at around 8:40 a.m. after rocks tumbled into the roadway.  Route 20 is closed
    Dispatchers in Summers County are asking people to use caution this morning while traveling on Route 20.
  • 1800s schoolhouse found in barn in Mercer County

    1800s schoolhouse found in barn in Mercer County

    Thursday, April 17 2014 6:38 PM EDT2014-04-17 22:38:55 GMT
    A property owner finds an old schoolhouse during demolition on his barn near the Moncalm area of Mercer County. Historians say the structure is the old Mullins School and believe it's hundreds of years
    A property owner finds an old schoolhouse during demolition on his barn near the Moncalm area of Mercer County.
  • Thanked an emergency dispatcher? It's their day

    Thanked an emergency dispatcher? It's their day

    Thursday, April 17 2014 6:06 PM EDT2014-04-17 22:06:19 GMT
    Thursday is national Dispatcher Day. We are also in National Public Safety Telecommunicators Week. It's a time to celebrate and thank those who dedicate their lives to serving the public and to set aside
    Thursday is national Dispatcher Day. We are also in National Public Safety Telecommunicators Week. It's a time to celebrate and thank those who dedicate their lives to serving the public and to set aside
  • Health CareMore>>

  • WV Health Officer Letitia Tierney receives CDC distinguished service award

    Tierney receives distinguished service award

    Monday, April 14 2014 11:07 AM EDT2014-04-14 15:07:22 GMT
    Letitia Tierney, state health office and commission for the Bureau for Public Health, received the West Virginia Poison Center Distinguished Service Award on April 8.

    Letitia Tierney, state health office and commission for the Bureau for Public Health, received the West Virginia Poison Center Distinguished Service Award on April 8.

  • US lawmakers announce medical funding

    US lawmakers announce medical funding

    Friday, April 4 2014 2:07 PM EDT2014-04-04 18:07:45 GMT
    U.S. Sens. Jay Rockefeller and Joe Manchin, D-W.Va., along with U.S. Rep. Nick Rahall, D-W.Va., announced $6.2 million in federal funds for five of the state's medical centers.
    U.S. Sens. Jay Rockefeller and Joe Manchin, D-W.Va., along with U.S. Rep. Nick Rahall, D-W.Va., announced $6.2 million in federal funds for five of the state's medical centers.
  • Light the Night Walk set to take place at Wheeling Jesuit April 10

    Light the Night Walk set to take place April 10

    Friday, April 4 2014 8:17 AM EDT2014-04-04 12:17:17 GMT
    Ohio Valley residents and businesses, along with the Leukemia & Lymphoma Society of Western PA & West Virginia, plan to participate in a walk to help fight blood cancer.
    Upper Ohio Valley residents and businesses, along with the Leukemia & Lymphoma Society of Western PA & West Virginia, plan to participate in a walk to help fight blood cancer.
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.