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Forum Health creditors file own reorganization plan



Published: Sat, May 15, 2010 @ 12:07 a.m.

By WILLIAM K. ALCORN

alcorn@vindy.com

YOUNGSTOWN

Forum Health’s major secured creditors have filed a reorganization plan of their own for the bankrupt health-care system in the U.S. Bankruptcy Court.

The plan calls for modifying collective-bargaining agreements so total labor costs do not exceed an average of 49 percent of net patient revenues, establishing work rules that conform to market standards, and using Forum Health Foundation funds to reduce debt.

The creditors’ surprise action Friday came on the heels of new concessionary labor agreements within the last week between Ardent Health Services, the potential buyer of Forum, and American Federation of State, County and Municipal Employees locals and Service Employees International Union District 1199.

AFSCME Locals 2288, 2026 and 2804, represents 1,200 employees at Trumbull Memorial Hospital in Warren and Hillside Rehabilitation Hospital in Howland; and SEIU represents 1,100 to 1,200 workers at TMH and Northside Medical Center in Youngstown.

“I don’t know why the


Comments

1badtas40(3 comments)posted 4 years, 1 month ago

The management wanted the employees to stay loyal to them when they went to vote whether they wanted to take Forum's plan or Ardent's plan. Now you know why the employees went with Ardent. How loyal is Forum to their employee? All they do is lie, cheat and steal. It's time for someone to step in an investigate why Forum is really in trouble, because it sure in NOT from the employees!!!! They need to look at the management that runs it and the Board the should be keeping an eye on the upper management. Who is keeping an eye on the Board? I will tell you this I will not be buying a car from any of those on that Board. Why should we keep them in business when Forum is going down!

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2joebag09(232 comments)posted 4 years, 1 month ago

badtas40.......employees and former employees have been saying this for the last several years.... DON"T SHOP SWEENEY OR SAURER car dealerships as a start. Blame who you want....ultimately the board controls all that goes on there!

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3Bearcat411(9 comments)posted 4 years, 1 month ago

OMG...This is joke for the creditors to finally step in and try to save the hospt from getting sold at a lower rate then what they want...Geese open your eyes! Everyone who worked with the contract negotiations deserve a pat on the back and finally got a outdside firm to dedicate substantial monies to keep and upgrade Forum to where it was once .I think the Sweeny's --Sauers ect and the rest of the board better get ready for a shake-up because you have made the decisions that have led to the state that Forum is in and the community will find out where all the funds have gone.I've said from the get go to have non medical personell running a health care faicilty will be their demise.YOUR NOT DEALING WITH CARS but peoples lives and jobs that the valley can't afford to lose.

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4Millie(192 comments)posted 4 years, 1 month ago

Board members should always be held accountable and should not be allowed to use foundation money that was donated for a specific purpose.

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5badtas40(3 comments)posted 4 years, 1 month ago

Trust me joebag09, I know what the employees and former employees have been saying. I just hope they (management and the board) all get what they deserve. The employees have always paid the price. The sad part is now the people of the community will now be paying the price.

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