Buffeted by the pandemic coming on top of long-term changes in health care, the owner of Franklin Regional Hospital and Lakes Region General Hospital has declared bankruptcy, with Concord Hospital stepping up as a suitor.
Mondays decision by two of the states smallest hospitals to declare Chapter 11 bankruptcy is part of a general pattern of industry consolidation within the state and the nation. LRGHealthcare, which owns the Lakes Region and Franklin hospitals, is almost alone among New Hampshires 26 acute-care facilities in not having already made connections with other institutions that are often mergers in all but name.
LRGHealthcare furloughed workers in April when it said it was losing $1 million a month due to COVID-19 shutting d…
Read the full article at: https://www.concordmonitor.com/lrg-healthcare-hospital-conord-nh-36863224