Forum CEO: Recovery plan should be ready in August

HOWLAND — Forum Health has turned its full attention to developing a reorganization plan aimed at bringing the hospital system out of bankruptcy and back to profitability.

A preliminary draft of the plan is expected to be ready by the first week in August, Walter "Buzz" Pishkur, Forum president and chief executive officer, said during a press conference today.

The final draft, which must be submitted to the Northern District of Ohio U.S. Bankruptcy Court by Sept. 15, will be the result of negotiations with the hospital system’s lenders and creditors and other stakeholders, Pishkur said.

Ideally, all the stakeholders will have signed off on the final plan before it is taken to the court, he said.

For the complete story, see Thursday’s Vindicator and Vindy.com