Press Information & Questions
FOR IMMEDIATE RELEASE
For more information,
please contact:
Alyssa Lundy
Chief Media Officer
alundy@landmarkhospitals.com
Landmark Hospitals Announces Bankruptcy Filing to Restructure Operations and Ensure Continuity of Care
Landmark Hospitals, a healthcare provider with six locations nationwide, announced that it has voluntarily filed for bankruptcy protection as part of a strategic restructuring effort to stabilize operations and position the organization for long-term financial sustainability.
This decision was made after careful consideration. It addresses financial challenges while ensuring that patients continue to receive high-quality care. The filing will allow Landmark Hospitals to restructure its debt, optimize resources, and explore potential partnerships that align with its mission to provide exceptional healthcare services.
“Our priority remains the well-being of our patients, employees, and communities,” said Alyssa Lundy, CMO of Landmark Hospitals. “This restructuring process will enable us to strengthen our financial foundation, maintain essential healthcare services, and emerge as a more resilient organization.”
During this process, Landmark Hospital locations will continue operating as usual without any immediate impact on patient care, staffing, or day-to-day operations. The leadership team is committed to working closely with stakeholders, creditors, and legal advisors to ensure a smooth transition.
Landmark Hospitals appreciates the continued trust and support of its patients, employees, and partners. As the restructuring process progresses, we will provide more updates.
FAQs
Is this going to affect patients?
No. The Bankruptcy filing was done to protect our operating budget so we can continue to provide exceptional care to our current and future patients.
Is this going to affect employees or employee hiring?
No. Our current employees will be paid as usual and continue with all their current benefits without interuption. We will continue hiring the best people for all open positions.
Reason for Bankruptcy
Landmark Hospitals has had a significant debt burden for several years. With interest rates rising and other inflationary expenses increasing, Landmark determined that it needed to restructure its debt obligations to better position itself for the years to come.
Our Vendors
Landmark intends to continue to pay for goods/ services with our current and future vendors with minimal disruptions. We look forward to continuing the long-standing relationships we have developed over the years in this industry.