Johnson Memorial Medical Center in Stafford Springs filed for Ch. 11 bankruptcy Wednesday as part of a plan to be acquired by St. Francis Care, the two sides announced.
A spokeswoman for St. Francis Care, parent of St. Francis Hospital and Medical Center in Hartford, would not disclose the purchase price Wednesday, but said the deal had been a possibility since St. Francis and Johnson Memorial signed an affiliation agreement in 2012.
St. Francis recently announced that it would merge with a fellow Catholic healthcare operator in Michigan.
St. Francis Spokeswoman Fiona Phelan said that patient care at Johnson and its related facilities would not be affected. All services at JMMC will continue, she said.
Johnson, which has been through bankruptcy before, ran operating deficits in fiscal years 2011, 2012 and 2013, according to state records.
The bankruptcy will include a debt restructuring, the parties said.
According to the filing, Johnson’s liabilities are anywhere from $10 million to $50 million, while assets are listed at between $1 million and $10 million.
Johnson emerged as an independent entity in 2010 following bankruptcy proceedings initiated in 2008 by its former parent company, Johnson Memorial Corp.
Johnson’s medical group and affiliates — the Evergreen Health Care Center in Stafford Springs and Home and Community Health Services in Enfield — are also listed on the bankruptcy filing.
