MetroHealth Medical-Osteopathic Hospital, Erie, Pa., filed for bankruptcy protection last week with about $18 million in debt and $15 million in assets, the Associated Press reported. Officials vowed to continue operating the 84-bed hospital during its reorganization. They blamed the hospital's troubles on reduced reimbursement, rising medical malpractice insurance rates and higher staff salaries. According to the American Hospital Directory, the hospital has lost money for four straight years, including $1.3 million on revenue of $33 million in fiscal 2000. -- by Cinda Becker
Pa. hospital files for bankruptcy, vows to stay open
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