Former LRGHealthcare reports $577,766 operating loss for June period

By Sarah Lizee

Olympia, Wash., Aug. 5 – HGRL, formerly LRGHealthcare, reported a $577,766 operating loss on $32,705 of total operating revenue for the June period, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Hampshire.

In comparison, the company reported an $888,922 operating income on negative $2.4 million of total operating revenue for the May period.

The debtor had $14.75 million of cash and cash equivalents as of June 30, compared to $15.75 million at the end of May.

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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