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Less than two months after two Texas physicians became majority shareholders in Tri County Hospital-Williston, its parent company, Cypress Health Systems Inc., filed Chapter 11 bankruptcy in the Florida Northern Bankruptcy Court.
The voluntary petition was filed Oct. 5 by Tampa attorney Elena Paras Ketchum on behalf of the company.
At Tuesday’s city council meeting, City Attorney Fred Koberlein said the city will need an attorney who will represent the rights of the hospital’s creditors, since the city services the hospital’s utilities.
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