The mention that this is happening because of actions of creditors made me look up wtf they’re talking about.

Y’all? It’s not good

Preston Hollow Community Capital, a specialty finance company that claims Mercy is in “a financial freefall,” wants a district court judge to appoint a receiver who will take control of the hospital’s assets. Preston Hollow claims the 234-bed, acute care hospital is incurring “unsustainable financial losses” and argues that a receiver is needed to avoid a shutdown of the hospital.

Mercy is now seeking dismissal of Preston Hollow’s petition for receivership, calling it a “pretextual power play by an investment fund that puts the medical team, employees, patients and larger community at risk.”

In new court filings, Mercy argues that Preston Hollow’s legal action was triggered by the Mercy board of directors’ refusal to go along with the finance company’s “aggressive and improper demands to abruptly change management.”

American healthcare everybody!