Doctors Hospital in Pontiac files for bankruptcy

Doctors Hospital in Pontiac files for bankruptcy - Crain's Detroit Business:
"After years of financial struggles, Doctors Hospital of Michigan in Pontiac has filed for bankruptcy protection under chapter 11, according to court filings.
...Officials for Doctors Hospital were unavailable for comment as of early Friday afternoon.
But the hospital continued to lose money. In 2013, the last year financial data was available, Doctors Hospital lost $11.9 million on net patient revenue of $63.8 million, according to Cost Report Data.
Over the past several years, Doctors Hospital tried to reduce operating expenses.
It closed its emergency department in October 2013 but in January 2014 expanded its urgent care center to 24 hours.
In April, some 40 of the estimated 300 employees were laid off.
Earlier this year, more than 170 hospital retirees were notified their life insurance coverage was terminated, effective Dec. 31."