9 hospital closures in 2018 so far

From reimbursement landscape challenges to dwindling patient volumes, many factors lead hospitals to close.

Here are nine hospitals that have closed since Jan. 1, beginning with the most recent:

1. Community Medical Center Long Beach (Calif.), which opened in 1924, closed July 3 due to the inability to retrofit the hospital to meet California's seismic standards.

2. Regional Medical Center Jacksonville (Ala.), a 104-bed hospital, closed June 30 after 42 years in operation. The Healthcare Authority of the City of Anniston (Ala.), which operates RMC Jacksonville's parent company, announced plans in May to close the hospital due to rising healthcare costs and insufficient revenue.

3. Florence (Ariz.) Hospital at Anthem, owned by Gilbert, Ariz.-based New Vision Health, closed June 18. The hospital shut down after entering Chapter 11 bankruptcy in late May.

4. Gilbert (Ariz.) Hospital, which is affiliated with Florence Hospital at Anthem, closed June 16.

5. Franklin, Tenn.-based Community Health Systems closed Twin Rivers Regional Medical Center, a 116-bed hospital in Kennett, Mo., June 12. County officials want to build a smaller hospital and have an outside company operate the facility, but that decision is in the hands of local voters. In August, residents will vote on a sales tax to construct a new hospital and on a property tax to offer as a revenue stream to a potential hospital operator.

6. Coalinga (Calif.) Regional Medical Center closed June 12 due to significant financial losses and a decline in inpatient volumes. The 24-bed hospital's debt totaled approximately $4.5 million as of early June.

7. Bay Area Regional Medical Center in Webster, Texas, closed in May. The hospital laid off about 700 employees when it shut down.

8. Baylor Scott & White Health, a nonprofit health system based in Dallas, closed 113-bed Baylor Scott & White Medical Center-Garland (Texas) on Feb. 28. Baylor Scott & White decided to shut down the hospital, which incurred significant financial losses over the last three years, after scaling back services and trying to secure a new owner for the facility without success.

9. Massillon, Ohio-based Affinity Medical Center, a 156-bed hospital that was owned by Brentwood, Tenn.-based Quorum Health, closed Feb. 11. 

More articles on healthcare finance:

Chicago hospital needs $3M infusion to avoid closure
Physician group to close dozens of clinics amid federal investigation into CEO
OIG tags Wisconsin hospital for erroneous billing

 

 

 

 

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