EP County Judge discusses Children’s Hospital bankruptcy

blunt about what it expects to get out of a bankruptcy filing. a news release says, quote: . Under the protection of the restructuring laws, umc and its board of directors will have no supervisory, advisory or operational control of epch UMC’s role will be that of a building landlord and will provide common services to epch. university medical center promised us a statement shortly after ten this morning. they’ve told us they’re having email difficulty, and that they’re awaiting approval from board chairman steve degroat. we’ll bring you the umc response as soon as they provide it. joing us now is: el paso county judge veronica escobar, who’s been a vocal opponent of a bankruptcy filing. – what went wrong? Why are we sitting with a 3 1/2 – year-old hospital in bankruptcy, when according to the studies, it was supposed to turn profit by the 2nd year, and repay the debt to Thomason/UMC in five years. Childrens’ says umc radically changed the terms of what had been mediated. Do you share that impression? Was umc unfair in what it was charging Childrens? Earlier tweets by Judge Escobar: epch ceo Mark Herbers claims they were left with ceo Mark Herbers claims they were left with no choice but to declare bankruptcy and that is Escobar: epch ceo Mark Herbers claims they were left with no choice but to declare bankruptcy and that is untrue. They chose the worst option The decision by the epch board to declare bankruptcy is a tragedy for the hospital, the community and the taxpayer Bankruptcy by epch may now force umc and taxpayers to continue funding their services for free The deadline for umc to finalize the due diligence was a consequence of epch not giving umc early access to information.