Shuttered Texas hospital files for bankruptcy

Gulf Coast Medical Center, a 159-bed hospital in Wharton, Texas, filed for bankruptcy shortly after it closed in November.  

The financially troubled hospital scaled back services in 2016 and was operating as a walk-in emergency center when it shut down completely Nov. 18. On Nov. 21, the hospital filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the Southern District of Texas.

In its bankruptcy petition, GCMC listed its liabilities at between $10 million and $50 million, and the total value of its assets between $1 million and $10 million. The hospital said in its filing that it had at least 200 creditors.

GCMC is one of 80 rural hospitals that have closed since 2010. Thirteen rural hospitals in Texas have closed since 2010, the most of any state, according to research from the North Carolina Rural Health Research Program.

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