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Pratt Regional Medical Center asks county for 12-month moratorium while it implements recovery plan
Summary
Hospital representatives asked the Pratt County Commission for a one-year pause on bond/lease payments while they complete a financial recovery plan based on a recent assessment and pursue additional financing; commissioners asked staff to report back on bond-account balances and timing.
Pratt Regional Medical Center representatives asked the Pratt County Commission for a 12-month moratorium on bond or lease payments while the hospital implements a financial recovery plan following outside assessments.
The request came during the hospital’s routine update to the commission. The presenter said the assessment — described in the meeting packet as about 128 pages — “gave us a really good path forward” and that the hospital is still developing an action plan and seeking additional financing to carry through the turnaround.
Why it matters: The moratorium request affects county revenues that currently offset bond-related rent credits and could change the timing of payments if the commission…
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