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Vencor Hospital Sacramento has a stable patient base and a strong bottom line, even though its parent company in Louisville, Ky., filed for bankruptcy protection from creditors Sept. 13.
Despite strong local performance, plans for a $4 million expansion project for a new hospital wing, intensive-care unit and administration area in Folsom - approved almost four years ago - are on hold due to financial problems at the parent company.
Vencor Inc. reported $1.4 billion in debt and $1.7 billion in assets when it filed for protection under Chapter 11 of the Bankruptcy Code in Delaware this month.
In addition to heavy financial losses, Vencor Inc. has been dogged by a …