Fulton Medical Center Trying To Pay Off Millions Owed To The IRS
The Fulton Medical Center is continuing to raise money to try to pay off a debt of over 3 million dollars to the IRS.
According to a report from KRCG 13, Fulton Medical Center CEO Mike Reece says that half of the debt has been raised and the center is turning a profit and will eventually be debt free with some help from the community.
The hospital has five hundred thousand dollars in settlements to contractors, payments on a 1.5 million dollar line of credit, and a 4.3 million dollar mortgage.
Administrators at the hospital have until the end of the year to pay off the 3 million dollar debt to the IRS in order to remain open.
IRS officials do have the option of granting an extension.