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FAYETTE REGIONAL TO BE SOLD AT AUCTION

(Connersville, IN)--Fayette Regional Health System filed for bankruptcy protection last year.  Now comes word that the Connersville hospital will be sold at auction.  Permission has been granted by a federal bankruptcy court to sell its assets at auction.  Bidding will close by the end of next month.  If a bid is approved, new ownership could be in place by May 9.  Fayette Regional currently owes substantial money to entities that include Comerica Bank and the Bank of New York Mellon Trust.  There are also at least four active liens that have been filed by various contractors who have performed work at the hospital.

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