The Catoosa County Commission voted this morning to issue $35 million in bond anticipation notes immediately to help refinance Hutcheson Medical Center’s debt.
The bailout, which was requested by a group of doctors and the hospital’s board, would keep the Fort Oglethorpe hospital afloat while it finds a new partner.
But the $35 million bailout still needs approval from Walker or Dade County to proceed, Catoosa County officials said.
For complete details, see tomorrow’s Chattanooga Times Free Press.
Tim Omarzu covers education for the Times Free Press. Omarzu is a longtime journalist who has worked as a reporter and editor at daily and weekly newspapers in Michigan, Nevada and California.