Texas hospital abruptly closes

Ayla Ellison (Twitter) - Print  | 

Van Zandt Regional Medical Center in Grand Saline, Texas, closed Aug. 5.

The closure was announced Aug. 4 via a post on Van Zandt Regional Medical Center's Facebook page. Medicare cutbacks, dwindling reimbursement from insurance companies and a financial burden left by previous management were among the factors that forced the hospital to close, according to CBS19.

Van Zandt Regional Medical Center was the only emergency services provider in Van Zandt County, and a group of local physicians are trying to restore those services. Hospital management is in negotiations with a physician group that is interested in taking over the hospital, according to CBS19.

More articles on healthcare finance:

Illinois hospital files for bankruptcy
Tenet sees revenue rise, profit fall in Q2
How buying a failing hospital can pay off

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.