New Mexico

Rural New Mexico hospital may close its doors after $100M malpractice judgment

Published

2 years ago

May 31, 2024

Rural New Mexico hospital may close its doors after 0M malpractice judgment

One of the biggest malpractice judgments in New Mexico history could cause a rural hospital to close its doors. The Rehoboth McKinley Medical Center has been ordered to pay a bond of more than $100 million. While the hospital plans to appeal, it still needs to pay up for the case to move forward.

The hospital, according to its law firm, has negative net work of over $25.7 million. Further, the hospital leases the land on its own and does not own the property, leaving it without much collateral for a loan.

In January, jurors awarded a patient and his family more than $68 million in damages following a botched hernia surgery that left him with severe, life-altering complications. The lawsuit was first filed in 2019.

The $100 million judgment includes punitive damages and interest on the $68 million bond. When all is said and done, the hospital could owe more than $130 million, its lawyers said. Once a final judgment is issued, Rehoboth McKinley will have 60 days to come up with the money.

The hospital was given $12 million this year by the state to cover its costs, but the struggling hospital will need a lot more money if it continues operating. If it closes its doors, residents in Gallup, NM could be left without an emergency room and lose access to medical care.

For more, check out the full story from Source NM at the link below.

Source link

Click to comment

New Mexico

New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win

Published

32 minutes ago

March 1, 2026

Press Room

New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win

The Nevada women’s basketball team dropped its final home contest of the 2025-26 season on Saturday with New Mexico spoiling Senior Day and pushing past the Wolf Pack for a 63-56 win.

The Wolf Pack led 36-34 at halftime behind a hot-shooting start. Skylar Durley, Imbie Jones and Ahrray Young each had six points as Nevada shot 14-of-25 from the field (56%). But things cooled off in the second half, with the Lobos outscoring the Wolf Pack 19-13 in the third quarter to take a four-point lead into the fourth. Nevada’s shooting woes only worsened in the final period when it made just three field goals, including none in the final four minutes.

Durley led Nevada with 16 points and six rebounds. Young finished with 10 points, three rebounds and three assists. The Wolf Pack made just one three-pointer out of its nine attempts.

The loss drops Nevada to 9-20 overall, 5-14 within the Mountain West Conference. The Wolf Pack now heads to Utah State for Tuesday’s regular-season finale before opening the Mountain West Tournament play next Saturday in Las Vegas.

Watch our coverage of the game below.

Highlights and reaction from Nevada’s loss to New Mexico.

Source link

New Mexico

San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game

Published

13 hours ago

February 28, 2026

Press Room

San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game

Expect the offenses to shine when SDSU visits New Mexico in The Pit today, per our college basketball betting picks.

Feb 28, 2026 • 10:23 ET

• 4 min read

Source link

New Mexico

Public Service Company of New Mexico Declares Preferred Dividend

Published

1 day ago

February 28, 2026

Press Room

ALBUQUERQUE, N.M., Feb. 27, 2026 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2026, to shareholders of record at the close of business March 31, 2026.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www.TXNMEnergy.com.

CONTACTS:
Analysts
Lisa Goodman
(505) 241-2160

Media
Corporate Communications
(505) 241-2743

SOURCE TXNM Energy, Inc.

Source link