Forest Park Medical Center in Southlake and its founding physicians defaulted on a loan and owe Commerce Bank of Missouri nearly $3.5 million, according to a lawsuit the bank filed last week. The bank claims the hospital defaulted by failing to meet minimum operating cash flow and net worth requirements and failing to provide complete financial statements for 2014, according to the report.
The hospital’s default is the latest in the Forest Park system’s troubles. Along with closing its flagship facility, the system closed its hospital in San Antonio Oct. 15.
More articles on healthcare finance:
Geisinger to begin offering refunds to unsatisfied patients
Georgia hospital to close next month
UPMC’s operating margin slips on lower patient volume: 8 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
