UPDATE: Hutcheson granted stay of foreclosure - WRCBtv.com | Chattanooga News, Weather & Sports

UPDATE: Hutcheson granted stay of foreclosure

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UPDATE:  A stay of foreclosure has been granted for Hutcheson Medical Center. This allows Hutcheson to operate during the appeal process initiated by officials in Walker County.

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Hutcheson Medical Center will remain open and operate under Chapter 11 protection.


Wednesday night the hospital's Board of Directors voted to file for Chapter 11 reorganization in the Courts' Northern District of Georgia Division. 


"The primary reasons we are filing for reorganization is to implement a reorganization plan that allows the hospital to continue its primary mission of serving the healthcare needs of North Georgia residents," stated Farrell Hayes, President and CEO of Hutcheson. "We heard first hand from local residents at our three public hearings that closing the hospital would be devastating to the public interest of North Georgia citizens. We also hope that our filing for reorganization will stop the Erlanger foreclosure, give us a fresh start, and allow us to continue taking care of the 160,000 residents in Walker, Dade, and Catoosa." 


Hayes says that for patients nothing should change.  


Corky Jewell, Chairman of the Board for the hospital, stated that filing also allows the new hospital board and administration to restructure debt inherited from the old Board and compounded by the mismanagement that is the subject of the hospital's current counterclaim in the lawsuit initiated by Erlanger. 

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