First State Bank of Southeast to buy Pineville Community Hospital

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PINEVILLE, Ky. (WYMT) - First State Bank of the Southeast will take over all assets of Pineville Community Hospital.

First State and fellow lender Kentucky Highlands Investment Corporation voluntarily agreed to permit $800,000 in liens to be placed ahead of their own liens in order to keep the hospital operating.

The sale is not closed yet. Formalities will be observed with the bankruptcy court in the coming weeks.

The future of the hospital has long been in question. You can learn read more on that here.