
A Sustainable Future
December 15, 2020
LRGHealthcare has provided excellent local health care services for the Lakes and Three Rivers Region for more than 125 years.
In October, we began the legal and regulatory process of filing for Chapter 11 bankruptcy. At the same time, we received an offer from Concord Hospital regarding a potential asset acquisition.
We are pleased to share that we have learned Concord Hospital is the sole bidder to acquire the assets of Lakes Region General Hospital, Franklin Regional Hospital and the Hospitals’ ambulatory sites. We have always felt that Concord Hospital is a natural fit to ensure the continued provision of excellent care in the Lakes and Three Rivers Region, and we are excited about this step forward.
You can learn more by reading a press release issued by LRGHealthcare here.
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Please submit it here and check back for answers.
Frequently Asked Questions
A Sustainable Future
October 19, 2020
LRGHealthcare has provided excellent local health care services for the Lakes and Three Rivers Region for more than 125 years. Today, we are taking an important step toward securing our long-term financial stability, ensuring a bright future for our hospitals and medical practices and preserving local access to care in our communities.
LRGHealthcare is beginning the legal and regulatory process of filing for Chapter 11 bankruptcy. We are also announcing today that we have an offer from Concord Hospital regarding a potential acquisition of the assets of Lakes Region General Hospital, Franklin Regional Hospital and the Hospitals’ ambulatory sites.
As we move through this process, nothing changes for LRGHealthcare patients or employees. Our doors will remain open.
Leaders from LRGHealthcare are hosting a virtual community forum where we will share more about where we are today and seek input from our community members about the future. The virtual forum will take place on Thursday, October 29th from 5:30 – 6:15 p.m. Interested community members can RSVP here.
Read a letter to our patients and our community from LRGHealthcare President and CEO Kevin W. Donovan here.
For more details about the bankruptcy filing and court proceedings, please visit this website.
A message to our patients and our community from LRGHealthcare President and CEO Kevin W. Donovan
Have a question?
Please submit it here.