BELMONT COUNTY, Ohio – Belmont Savings Bank has secured a temporary restraining order against 360 Healthcare, the new owners of East Ohio Regional Hospital, over an unpaid $2 million loan. The order stops also collections attempts against former patients. River News Network can confirm that local residents have received calls demanding payment for services at the shuttered hospital.
When the hospital shut down in March, it left behind significant debt, including the amount owed to the bank. Attorneys for Belmont Savings say the loan has gone unpaid, while the hospital also has money still owed from operations prior to its closure.
On August 5, the bank asked the court to appoint a receiver to manage the hospital’s remaining assets, with a hearing scheduled for September 29. Since then, the bank says it discovered EORH was collecting outstanding payments from medical debts for itself. The order issued Wednesday prevents the hospital from collecting or using those accounts receivable until the September hearing.
360 Healthcare Inc. President Harold Ramsey said earlier this week that the company has made “extensive efforts” to work with Belmont Savings Bank over plans to repay all debts to Belmont County, vendors, and former employees soon after operations resume in Martins Ferry.
The delinquent property taxes EORH owes to Belmont County have climbed from $1.2 million to $1.6 million dollars since 360 Healthcare announced its purchase of EORH in June. Ramsey announced plans to reopen the facility by fall 2025 when he made his purchase announcement back on June 23.
