Becker's Healthcare November 12, 2024
Heywood Healthcare in Gardner, Mass., exited Chapter 11 bankruptcy in October, maintaining its status as an independent, community-governed system after reorganization.
“This rare accomplishment, achieved by less than 3% of healthcare organizations that entered Chapter 11 over the past year, underscores our resilience and commitment,” said Rozanna Penney, CRNA, president and CEO of the system, told Becker’s. “Under Chapter 11 protection, we restructured our debt and out-of-market contracts while expanding critical regional services.”
Heywood reopened the inpatient MHU in January, which is operating at full capacity for the first time since January 2017. The health system expanded services including obstetric care, and now has a 15% increase in labor and deliveries. Heywood also relaunched its doula program and now has...
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