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12 FINANCE S aint Michael's Medical Center in Newark, N.J., filed for chapter 11 bankruptcy protection Aug. 10. e hospital is on track to post a $24 million oper- ating loss this year. Southern Regional Medical Center in Riverdale, Ga., filed for chapter 11 bankruptcy protection July 30. e hospital made the filing to stay open while it evaluates a proposed sale of the facility to Ontario, Calif.-based Prime Healthcare Services. Doctors Hospital of Michigan in Pontiac filed for chapter 11 bankruptcy protection July 24. e physi- cian-owned hospital has been struggling financially for years, and it posted a loss of $11.9 million on net patient revenue of $63.8 million in 2013, the most recent year financial information is available for the facility. Parkview Adventist Medical Center in Brunswick, Maine, filed for chapter 11 bankruptcy protection June 16. e hospital, which struggled financially for years, closed its inpatient care facilities and emergency department a few days aer its filing. ose services were moved to Brunswick, Maine-based Mid Coast Health Services — a system Parkview is attempting to merge with. e Woodlands, Texas-based Victory Healthcare filed for chapter 11 bankruptcy protection June 12. e system manages six for-profit medical and surgical centers in Tex- as. In June, the system said it had many buyers interested in taking over the centers. n 5 of the Latest Hospital Bankruptcies By Ayla Ellison D ouglas, Ariz.-based Cochise Regional Hospital closed its doors at the end of July after the federal government terminated its Medicare contract with the 25-bed hospital July 10, according to a Tucson News Now report. The hospital lost its Medicare funding due to concerns over patient care. CRH failed to com- ply with federal regulations during four surveys conducted between Feb. 19, 2014, and March 26, 2014. The hospital's lack of proficient nursing care services were at the center of a federal report that cited a case where a patient died in the hospi- tal's emergency department while waiting for non-medical transport to another facility, accord- ing to a Douglas Dispatch report. n Arizona Hospital is 55th Rural Hospital to Close Since 2010 By Ayla Ellison TRENDING ARTICLES on beckershospitalreview.com 100 Great Hospitals in America By the Becker's Team Millennials and Healthcare: 25 Things to Know By Shannon Barnet 40 Financial Benchmarks for Hospital Executives By Ayla Ellison Lessons in Leadership, Pt. 1: Managing Yourself By Tamara Rosin Best 50 Cancer Hospitals Then and Now: Who Ranked Where in 2000 Compared to Today? By Molly Gamble