As part of the process, the company, which operates Hawaii Medical Center West and Hawaii Medical Center East, paid $5.7 million on the approximately $50 million in debt that it owes to St. Francis Healthcare System of Hawaii, the hospitals’ former owner.
Going forward, the medical center said it will focus on rebuilding its core specialties, which include transplant surgeries and services, surgery on liver and thoracic tumors, and skilled nursing.
“We’ve worked hard to restore the financial health of the hospitals and ensure that they are viable for the long term,” said Hawaii Medical Center’s CEO, Salim Hasham.
Hawaii Medical Center’s bankruptcy reorganization plan had it scheduled to exit bankruptcy on the first of July, but remaining paperwork caused delays, according to the medical center.
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