Metro Health Center, Erie, Pa., which filed for bankruptcy protection last July, is calling it quits and will stop admitting patients tomorrow and officially shut down by July 1. An off-site facility with medical offices and a surgery center also will close.
Hospital officials laid off 75 employees last week and the remaining 180 workers will lose their jobs as operations wind down, said John Donnelly, the hospital's chief support services officer. The osteopathic hospital was treating 16 patients as of today. The board made the decision last week after a monthly bankruptcy court hearing when it became clear that the 68-bed hospital's largest creditor, First National Bank of Mercer County, would no longer support the reorganization efforts, Donnelly said. The bank is owed about $9 million on a 10-year-old bond.
Metro Health reportedly lost $900,000 in January and $750,000 in February. When it filed to reorganize on July 1, 2002, Metro Health listed assets of $22.6 million and liabilities of $17.7 million. -- by Cinda Becker