Bankruptcy Court Hearing Scheduled for Current Owners of Mexico and Fulton Hospitals
A bankruptcy court hearing is scheduled to take place today (Tuesday), May 23rd in Kansas City against the current owners of the hospital in Mexico and Fulton.
Central Bank of Midwest has over seven million dollars in principal owed to them plus interest and other costs from Noble Health Real Estate II, LLC now owned by Pasture Medical Group.
This group is the entity that owns the hospital buildings in Mexico and Fulton and real estate and clinics in Perry, Wellsville, and Montgomery County.
Two motions are being filed in the hearing.
The first motion is by Central Bank of Midwest asking to permit a foreclosure sale.
The second is a motion by Central Bank asking the Chapter 11 bankruptcy by transferred to Chapter 7 which would allow the properties to be liquidated.
Pasture Medical Group, Noble Health Real Estate has submitted an outline asking for time to reorganize the facility to bring it up to code and work on a certificate of need.
Pasture Medical Group has hired a CEO and engineer to see about the cost of bringing the hospital building up to code to reopen.
The court is not expected to rule immediately.
More In Audrain County
- Audrain County and Boone Health to Sign Non-Disclosure Agreement to Evaluate Future Hospital OptionsAudrain County and Boone Health to Sign Non-Disclosure Agreement to…… Continue Reading
- Multiple Copper Thefts Reported in MexicoMultiple Copper Thefts Reported in Mexico Mexico Public Safety is…… Continue Reading
- Mexico Public Safety Issues Arrest Warrant for Mexico Man Wanted for Several Shots Fired IncidentsMexico Public Safety Issues Arrest Warrant for Mexico Man Wanted…… Continue Reading
- Three Separate Vacant Mobile Home Arson Investigations Underway in Audrain CountyThree Separate Vacant Mobile Home Arson Investigations Underway in Audrain…… Continue Reading
- Suspicious Activity in Mexico Leads to Stolen Vehicle PursuitSuspicious Activity in Mexico Leads to Stolen Vehicle Pursuit An…… Continue Reading
- Mexico Public Safety Investigating Counterfeit Bill Passed at an Area BusinessMexico Public Safety Investigating Counterfeit Bill Passed at an Area…… Continue Reading
More In Callaway County
- Fulton Man Charged After Allegedly Pushing Woman Off a BridgeFulton Man Charged After Allegedly Pushing Woman Off a Bridge…… Continue Reading
- Callaway County Man Accused of Throwing a Molotov Cocktail and Swinging a Machete at VictimCallaway County Man Accused of Throwing a Molotov Cocktail and…… Continue Reading
- Callaway County Sheriff’s Office Releases Identity of Man Killed in Fatal ShootingCallaway County Sheriff’s Office Releases Identity of Man Killed in…… Continue Reading
- Paroled Felon Arrested for Shooting Into Fulton Bar & GrillParoled Felon Arrested for Shooting Into Fulton Bar & Grill…… Continue Reading
- Traffic Stop in Callaway County Results in Seizure of Methamphetamine and Two ArrestsTraffic Stop in Callaway County Results in Seizure of Methamphetamine…… Continue Reading
- Fulton Man Sentenced to Fifteen Years in Prison for Conspiracy to Distribute MethamphetamineFulton Man Sentenced to Fifteen Years in Prison for Conspiracy…… Continue Reading
Most Recent News
- KWWR Sports Report 4/26/2024KWWR Sports Report 4/26/2024 The Mexico High School baseball team…… Continue Reading
- Mexico, Missouri Bowler Kevin Duncan Achieves Perfection Once AgainMexico, Missouri Bowler Kevin Duncan Achieves Perfection Once Again Kevin…… Continue Reading
- KWWR Sports Report 4/23/2024KWWR Sports Report 4/23/2024 The Mexico Bulldogs baseball team lost…… Continue Reading
- KWWR Sports Report 4/20/2024KWWR Sports Report 4/20/2024 Mexico High School celebrated their two…… Continue Reading
- Two Vandalia Men Injured in Jefferson City CrashTwo Vandalia Men Injured in Jefferson City Crash Two people…… Continue Reading
- Fulton Man Charged After Allegedly Pushing Woman Off a BridgeFulton Man Charged After Allegedly Pushing Woman Off a Bridge…… Continue Reading
- Arrest Warrant Issued for Audrain County Business Employee Accused of Stealing Over One Hundred Thousand Dollars in DepositsArrest Warrant Issued for Audrain County Business Employee Accused of…… Continue Reading
- KWWR Sports Report 4/16/2024KWWR Sports Report 4/16/2024 The St. Louis Cardinals defeated the…… Continue Reading