Unsecured credits still want foundation money that supported Valley hospitals
YOUNGSTOWN — The unsecured creditors of Forum Health are still trying to grab more than $12 million in unrestricted donations to charitable foundations that supported Forum’s hospitals.
The committee of unsecured creditors filed a notice of appeal to U.S. District Court of U.S. Bankruptcy Judge Kay Woods’ decision that they can’t have the money.
Judge Woods last week granted motions by Western Reserve Health Foundation that supported Northside Medical Center and the Trumbull Memorial Hospital Foundation that supported TMH to be dismissed from the Forum Health bankruptcy case.
Forum’s unsecured creditors asked Judge Woods to stay her order concerning the foundations and their money pending the creditors’ appeal and to have a hearing soon on their request for the stay.
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