Wyoming Nursing Home Rules Out Bankruptcy

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Wyoming’s largest nursing home, Shepherd of the Valley Care Center has ruled out filing for bankruptcy protection as an option to rid itself of its financial woes. As its financial problems got to crisis levels, the nursing home asked civic and business leaders and the governor’s office for help. In response, Sen. Charles Scott (R – Casper) proposed legislation that authorizes the governor to channel Medicaid funding to health care facilities going through financial turmoil. In addition, local foundations also gave assistance and advice.

The advice from various quarters included suggestions to file for Chapter 11 bankruptcy protection that would allow it to reorganize and pay off its debts while keeping creditors at bay. But the 12 members of Shepherd of the Valley did not favor the idea, neither did representatives of the four local churches in the Evangelical Lutheran Church of America even with added Medicaid funding.

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