Fairmont General to proceed with sale to Alecto
FAIRMONT, W.Va. – Fairmont General Hospital says it’s proceeding with a sale to Alecto Healthcare Services after it didn’t receive any other qualified bids.
Alecto bid about $15 million for Fairmont General. The deadline for other companies to submit bids was last Thursday.
Fairmont General tells media outlets that a hearing on the sale will be held June 23 in U.S. Bankruptcy Court in Wheeling.
Fairmont General filed for Chapter 11 bankruptcy in September 2013.
The hospital said in court filings that it first began experiencing operating losses and cash flow concerns in 2008.