Federal Court Rejects Creditors' Claim Against Wetzikon Hospital

The Federal Court has dismissed a complaint against the debt call of Wetzikon Hospital. Bondholders must hand over their papers to the trustee's depository.

, and Administrator

2025 December 20 . 12:02 AM

1 min read

In the picture we can see some men are standing and one man is talking into the microphone and... — In the picture we can see some men are standing and one man is talking into the microphone and holding it with a hand in the background, we can see a curtain which is yellow in color and written on it 18 degree congress o.

Federal Court Rejects Creditors' Claim Against Wetzikon Hospital

Wetzikon Hospital in Switzerland is facing a deepening financial crisis after a series of setbacks. The Swiss Federal Supreme Court recently rejected an appeal against a debt call, leaving bondholders under pressure. The hospital’s struggles began in April when a critical loan request was turned down, pushing it into emergency financial measures.

In early April 2024, Wetzikon Hospital applied for a CHF 180 million loan from the cantonal health authority. The request was denied, forcing the hospital into financial crisis mode. Since then, it has relied on emergency funding to stay operational.

The hospital’s ten main shareholder municipalities—Wetzikon, Hinwil, Uster, Fehraltorf, Gränichen, Dürnten, Baar, Bertschikon, Gossau (ZH), and Pfäffikon (ZH)—voted to provide financial backing. However, CHF 3 million of the required CHF 50 million still remains unfunded.

A debt call targeting holders of GZO AG’s CHF 170 million bond was upheld by the Supreme Court. Bondholders must now deposit their securities with the insolvency administrator. The debt call will be repeated in early 2026.

A major creditors’ meeting is scheduled for March 2026. There, bondholders will vote on a rescue package that could determine the hospital’s future.

The Supreme Court’s decision leaves bondholders with no choice but to comply with the debt call. The upcoming creditors’ meeting in March 2026 will be crucial in deciding whether the hospital can secure its survival. Without full funding, the facility’s long-term operations remain uncertain.