Alecto Healthcare shuttering Fairmont Regional Medical Center in face of mounting losses

Alecto Healthcare shuttering Fairmont Regional Medical Center in face of mounting losses

Thomas Dworetzky, Contributing Reporter | February 21, 2020
Business Affairs

Mon Health System also responded to the news. Its President and CEO David Goldberg noted that his organization “will continue to provide care, treatment, and programs to residents through our already established services.”

Alecto Healthcare bought the hospital out of bankruptcy in 2014 for $15.3 million, according to the Times West Virginian.

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Closings of rural hospitals are driving up mortality rates by nearly 6%, according to a 2019 study by University of Washington researchers.

“Rural closings increase travel times for patients, and lead to outmigration of health care professionals post-closure, severely dismembering patient access to care and exacerbating social disparities in health outcomes,” researchers Kritee Gujral and Anirban Basu wrote in their study, published online by the National Bureau of Economic Research.

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Louie Heinrich

FRMC

February 24, 2020 09:33

Hope they get a chance, the county needs the med coverage.
Worked their one time with DuPont Imaging Systems
Nice hospital good staff, best to them.

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