9 Recent Hospital Bankruptcies, Closures
Written by Ayla Ellison | August 27, 2015
Here are nine hospitals and health systems that filed for bankruptcy protection or closed since June 2015.
1. Nye Regional Medical Center in Tonopah, Nev., closed it doors Aug. 21 due to financial troubles. The hospital has been struggling financially for years, and those troubles forced the facility to file for chapter 11 bankruptcy in December 2013.
2. Saint Michael’s Medical Center in Newark, N.J., filed for chapter 11 bankruptcy protection Aug. 10. The hospital is on track to post a $24 million operating loss this year.
3. Southern Regional Medical Center in Riverdale, Ga., filed for chapter 11 bankruptcy protection July 30.
4. Cheverly, Md.-based Dimensions Healthcare System announced plans to close 106-bed Laurel (Md.) Regional Hospital and replace it with an ambulatory services center. The ambulatory care center, which will offer emergency services, outpatient surgery and diagnostic imaging, is expected to be open on the hospital site by 2018.
5. Doctors Hospital of Michigan in Pontiac filed for chapter 11 bankruptcy protection July 24.
6. Parkview Adventist Medical Center in Brunswick, Maine, filed for chapter 11 bankruptcy protection June 16. The hospital, which has been struggling financially for years, closed its inpatient care facilities and emergency department a few days after its filing. Those services were moved to Brunswick, Maine-based Mid Coast Health Services — a system Parkview has since merged with.
7. The Woodlands, Texas-based Victory Healthcare filed for chapter 11 bankruptcy protection June 12. The system manages six for-profit medical and surgical centers in Texas.
8. Boston-based Partners HealthCare announced it will close its Union Hospital in Lynn, Mass.
9. Escondido, Calif.-based Palomar Health’s board of directors voted June 24 to shut down its hospital in downtown Escondido.