Forum Health creditors get memorandums

YOUNGSTOWN — Ardent Health Services, the firm that wants to buy bankrupt Forum Health for $69.8 million, has filed memorandums of understanding it negotiated with Forum unions with the U.S. Bankruptcy Court.

The memorandums have been a subject of contention for several weeks, as MBIA Insurance, representing Forum’s secured creditors, sought to learn the details of the agreements.

Forum Health filed for Chapter 11 under the U.S. Bankruptcy Code, in March 2009.

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