- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -

« News Home

Forum Health creditors file own reorganization plan

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




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


1badtas40(3 comments)posted 6 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!

Suggest removal:

2joebag09(352 comments)posted 6 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!

Suggest removal:

3Millie(192 comments)posted 6 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.

Suggest removal:

4badtas40(3 comments)posted 6 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.

Suggest removal:


HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes