Bankrupt hospital in Pineville sold to regional bank

Pineville Community Hospital exterior

PINEVILLE, Ky. (WTVQ) – Bankrupt Pineville Community Healthcare in Bell County has been purchased by First State Bank of the Southeast, according to the Lexington Herald-Leader.

The report says the regional bank, that does business in Kentucky and Tennessee, closed on the purchase on September 5, 2019.

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The bank bought the 120-bed facility for $2.6 million, plus a 5-percent buyer’s premium, for a total cost of nearly $2.8 million, according to the report.

The bank will not run the hospital, but will likely lease it to a non-profit group of local stakeholders who took over the facility when the bankruptcy proceedings began, according to the report.

There is still a class action lawsuit pending in connection to the hospital.  In June, some current and former employees sued former owners, management and the hospital board for regularly deducting money from their paychecks for health care coverage they claim they never received, according to the report.

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Tom Kenny joined ABC 36 News in June of 2001 as a General Assignment Reporter. A native of Peoria, Illinois, he graduated cum laude with a Bachelor of Arts in Mass Communications from Western Illinois University. He currently anchors ABC 36 News at 5pm, 6pm and 11pm. Tom has more than three decades of experience in broadcast journalism. He is the only broadcast journalist in Lexington television history to be honored with a national Edward R. Murrow Award. Tom was recognized for reporting on a story that gave a rare glimpse inside the secretive world of the Federal Witness Protection Program. He has won an Emmy Award for anchoring and another for investigative reporting, exposing the deceit and potential danger of online diploma mills. Tom has ten other Emmy nominations to his credit for investigative and feature reporting. He has won Associated Press Awards for reporting and anchoring. He has won two Addy Awards for excellence in promotional writing. Tom was the first broadcast journalist in Lexington TV history to be awarded the Silver Circle Award by the National Academy of Television Arts and Sciences. It is one of the highest honors given by NATAS. It recognizes television professionals who have performed distinguished service within the television industry for 25-years or more. Tom was honored for more than his longevity, he was recognized for making an enduring contribution to the vitality of the television industry and for setting high standards of achievement. He was also recognized for giving back to the community as a mentor, educator and volunteer. Tom also has network broadcast experience in radio and television having worked as a sports reporter for ESPN, Sportschannel, NBC Sports and the Breeders’ Cup. He was also the studio host and halftime producer for CBS Radio Sports’ College Football Game of the Week and covered the NFL for One-On-One Radio Sports. Prior to joining WTVQ-TV, Tom was Vice-President of the Houston Astros Minor League baseball team in Lexington. He was part of the original management team that brought professional baseball back to the Bluegrass after a nearly 50-year absence. Tom has lived in Lexington since 1984. In that time, he has been heavily involved with dozens of charity and civic groups, with a special emphasis on helping Veterans. He can be reached at You can also follow Tom on Facebook and Twitter @TomKennyNews. Just click on the links at the top of the page.