Bucks hospital out of bankruptcy

Posted: January 19, 2012

Lower Bucks Hospital in Bristol emerged from bankruptcy Thursday, two years after the 186-bed facility filed for protection from creditors.

Bondholders, still owed $24.9 million, are expected to receive 35 percent of their claims, according to Moody's Investors Service.

The hospital's bankruptcy plan was approved last month.

Key to the bankruptcy plan was a $14 million loan, secured by the hospital's campus, through the Bucks County Redevelopment Authority. The hospital said it employs more than 900.

- Harold Brubaker

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