The hospital said reduced bed occupancy, rising costs and limited reimbursement mix led to unsustainable financial losses. The Crotched Mountain Foundation board of directors determined closing the hospital was the only feasible option after exploring alternatives, including affiliation, merger, operational adjustments and adding new lines of business.
“This decision was not made lightly,” said Michael Coughlin, president and CEO of Crotched Mountain Foundation. “It followed a comprehensive operational report from national consultants and a thorough examination of all alternatives. In the end, we could not identify a sustainable financial solution nor continue to absorb the losses of the current program operation.”
The hospital closure is expected to affect approximately 130 employees, some of which may be relocated within the organization.
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