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 Catoosa and Walker counties 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. Stories he's covered include crime in blighted parts of metro Detroit and Reno, Nev.; environmental activists tree-sitting in California's Sierra Nevada foothills; attempts by the Michigan Militia to take over a township¹s government in northern Michigan. A native of Michigan, ...