St. Michael’s posts zero revenue, $19.54 million cash for September

By Marisa Wong

Morgantown, W.Va., Oct. 13 – St. Michael’s Medical Center, Inc. reported zero net loss on zero revenue for the month ended Sept. 30, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.

The company posted a cumulative net loss of $25.58 million since it filed for bankruptcy.

The company also reported $19.54 million of cash.

St. Michael’s, based in Newark, N.J., is a hospital operated by Trinity Health Corp. It filed for bankruptcy Aug. 10, 2015 under the Chapter 11 case number 15-24999.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.