Secured creditors of Forum Health have complained about the proposed sale of the system's assets to a Tennessee-based company.
In the latest filing in Bankruptcy Court, lawyers for creditors have opposed the collective bargaining agreements reached between Ardent Health Services and Forum's largest union groups. The creditors claim that other potential buyers have never had the chance to put together their deals, which they argue would prevent a fair auction of Forum's assets from taking place.
Creditors have asked the court to delay a hearing on the asset sale set for next week.
Forum filed a motion Thursday in bankruptcy court asking the judge to approve a sale to Ardent Health Services of Tennessee. Ardent would also purchase Forum's physical group, its two diagnostic and imaging centers, and its five laboratory sites.
Membership of all three unions representing Forum employees have shown support for an Ardent purchase. Forum has been in Chapter 11 bankruptcy since March 2009.
