The hospital cited several reasons for the closure, including the effect of COVID-19 on its employees, low patient volume and poor financial condition. The hospital is seeking a $1 million loan to reopen and is prepared to file for bankruptcy if needed, according to the report.
This is the second time in recent months the hospital has suspended services.
Read more here.
More articles on healthcare finance:
21 hospital closures in 2020
Private equity pushes into healthcare: 9 latest deals
15 hospitals laying off workers
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.