Florida hospital to suspend all services as it seeks capital

The Miami Medical Center, a 67-bed hospital, plans to suspend patient services beginning Oct. 30 as it works to secure more capital or a buyer, according to the South Florida Business Journal.

The hospital, which did not reveal why it needs to suspend services, is working with an investment banking firm to secure capital and has been seeking a buyer since July.

Regarding the decision to cease services, Miami Medical Center CEO Jeff Mason said, "We foresee a future where our mission — to provide high-quality healthcare, personalized patient services and exquisite hospitality and amenities — continues, and we will work diligently to fulfill that goal."

Patients with scheduled surgeries and deliveries can still receive those services at the hospital, but patients who need to reschedule procedures will receive refunds, according to the report.

More articles on healthcare finance:

Los Angeles hospital to close, lay off 638 employees
CMS releases preliminary CJR program results: 7 things to know
HCA reports $140M hit from hurricanes, expects 31% drop in Q3 profit

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months