Hutcheson Medical Center leaders are trying to move toward an auction sale. And soon.
“In light of (the hospital’s) lack of liquidity,” attorney Hayden Kepner Jr. wrote in a U.S. Bankruptcy Court motion Tuesday, “it is imperative that the Debtors’ assets be sold as expeditiously as possible.”
Kepner asked Judge Paul Bonapfel to sign an order allowing the Hospital Authority for Walker, Dade and Catoosa counties to schedule a time to auction off the hospital. Bonapfel will hold a hearing Wednesday at 9:25 a.m.
According to Kepner’s motion, the hospital could be sold off in parts, with different bidders taking the main campus, the nursing home, the surgery center on Battlefield Parkway and the clinics scattered in the counties. The Dade County government bought the Trenton clinic in September.
The hospital leaders would hold two auctions. In the first, bidders would compete for different hospital assets. Once that auction ended, bidders would offer to buy all the assets in one bundle.