Deep In Debt, Lyon-Martin Remains Open (for Now)
By Paul E. Pratt
Published: January 27, 2011
http://www.sfbaytimes.com/?sec=article&article_id=14485Contrary to early reports, the historic women's and LGBT health care provider will not cease operation this week. Though the clinic still faces potentially catastrophic financial hardship, representatives now call its Board of Directors' weekend vote to cease operations Jan. 27 a misstep.
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According to Balon, the clinic needs $500,000 within the next two weeks to escape bankruptcy altogether and continue offering all its current services. Half that amount would side-step Chapter 11 for Chapter 7 bankruptcy, he said, allowing the organization to continue restructured operation.