In 2007, Specialty Hospitals of America stepped in to buy the hospital from Envision Hospital, whose management was criticized for almost causing the hospital to close. Taxpayers and the city council provided $30 million for renovations, $20 million for loan and working capital and $29 million to acquire the hospital and settle outstanding debt, according to the report.
Over the past year, United Medical Center has regained accreditation after losing it for a year and opened a 50-bed acute-care unit, according to the report. In spite of the steps forward, the recession has reduced the hospital’s cash flow, and recently, it was denied a $5 million line of credit request.
Officials from the hospital are starting to meet with potential new buyers to save the city’s only hospital east of the Anacostia River, according to the report.
Read the Post’s report about United Medical Center.
