A hearing is scheduled for 11 a.m. Monday in Oklahoma City federal bankruptcy court, which is expected to decide the fate of the beleaguered Moore Medical Center.

At that hearing, set to take place in front of federal bankruptcy judge T.M. Weaver, hospital administrators, creditors, attorneys and potential buyers will attempt to sell the bankrupt facility to Oklahoma City’s Integris Health.

Currently, Integris — which owns Baptist Medical Center, Southwest Medical Center and several other hospitals in Oklahoma — is the top bidder for the facility with a $32 million cash proposal on the table.

However, three protests to that offer have been filed with the court.

On Feb. 21, officials with Norman Regional Healthcare System and Dr. Rajesh Narula, managing member of Moore Health Services LLC, both filed objections to the Integris bid.

Both companies said they plan to make “higher and better” offers than Integris’. Sale procedures established by the court allow last minute offers to be made during the hearing.

The sale comes just days before the 45-bed acute care facility exhausts its $7 million line of credit.

Financial documents filed by the hospital show that its post-bankruptcy revenue is “insufficient to allow the debtor (the hospital) to operate after the planned sale date of Feb. 28.”

According to the facility’s monthly operating report, total income for January was $2,488,496, while total expenses were $2,399,403; a difference of $89,093.

Additionally, the hospital has $404,153 in unpaid bills, a payroll (including taxes) of $1,210,701 for the month and is owed more than $17 million in medical claims.

Total debt stands $55 million; including $39 million to Capmark Finance, about $4 million to HCI Special Purpose Corp., another $4 to $5 million in unsecured debt and $7 million to Hall Financial for its post bankruptcy line-of-credit.

Built in 2005 and opened late that fall, the for-profit hospital never saw positive cashflow.

Constructed with a multimillion-dollar loan from a General Motors subsidiary, — Capmark Finance — and underwritten by a federal Housing and Urban Development (HUD), program designed to keep hospitals in rural areas, the 45-bed, state-of-the-art structure is the only acute care hospital located in Moore.

The hospital is about 70-percent owned — and managed — by The Schuster Group, an Oklahoma City healthcare company, which also declared bankruptcy last fall. Both The Schuster Group and the Moore hospital have spent four months in federal bankruptcy courts.

The race to sell the facility before it runs out of cash has been difficult, at best. In late January, Weaver urged all the parties involved to find common ground and consummate the facility’s sale before it ran out of cash.