GOVERNMENT HOSPITAL

A county-owned hospital with approximately $100 million in annual revenues defaulted on approximately $50 million in secured debt after becoming embroiled in a medical malpractice scandal involving the surgical implantation of unapproved medical prosthetics in unsuspecting patients. The scope and gravity of the scandal forced the hospital to seek bankruptcy protection so that it would have a forum to address the matter in a structured manner. Before the malpractice scandal, the hospital had a long history of profitable operations.

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