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WCI #265: Physician on FIRE Q&A

White Coat Investor Podcast

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The Story of the Bankruptcy of a Hospital in Northern Michigan

i was the only anaesthesiologist in the county. This was a small town in northern michigan. And that hospital ended up declaring bankruptcy. Once there was no need for an anaesthesiologist, i really had nowhere else to work. So i stuck around to the bitter end, at least as long as I could. But what did happen, one year and 364 days after the hospital officially went bankrupt, is that i was named as one of several dozen people in a lawsuit against basically anyone that had anything to do with the board of trustees over the last ten years or so. That didn't matter. I had a target on my back. It turned out to be three or four

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