LRGHealthcare sees $888,922 operating income for May period

By Sarah Lizee

Olympia, Wash., July 6 – LRGHealthcare reported an $888,922 operating income on negative $2.4 million of total operating revenue for the May period, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of New Hampshire.

In comparison, the company reported a $3.23 million operating loss on $11.86 million of total operating revenue for the April period.

The debtor had $15.75 million of cash and cash equivalents as of May 31, compared to $3.98 million at the end of April.

LRGHealthcare is a Laconia, N.H.-based not-for-profit health care charitable trust operating Lakes Region General Hospital, Franklin Regional Hospital and several other affiliated medical practices and service programs. The company filed Chapter 11 bankruptcy on Oct. 19, 2020 under case number 20-10892.

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