FAIRMONT, W.Va. — Fairmont General Hospital will file for bankruptcy next week.
The hospital said Friday the Chapter 11 filing would allow it to restructure its debt and protect it from its creditors.
FGH President and CEO Robert C. Marquardt said the move is necessary now to make the hospital stronger financially and operationally “to pave a smoother transition when we do find the right partner.”
Marquardt also promised a more focused and profitable hospital in a Friday news release.
Many of the workers at Fairmont General are represented by SEIU 1199. In a statement released Friday the union said it was committed with FGH to keep the quality of care at the hospital. The union also said its members deserve a meeting with hospital management.
FGH said it will file the bankruptcy papers next Tuesday, Sept. 3.