Texas long-term care hospital to close

AMG Specialty Hospital, a long-term care hospital in San Antonio will close Aug. 16, according to the San Antonio Express-News.

The 30-bed hospital is shutting down roughly 14 months after it was acquired by Lafayette, La.-based AMG Integrated Healthcare Management. The company cited a decline in Medicare reimbursements as the reason for the closure, according to the report.

National Association of Long Term Hospitals President Lou Little told the San Antonio Express-News that the entire long-term care hospital sector is struggling. He said at least 50 long-term care hospitals in the U.S. have closed in the past two years.

Access the full San Antonio Express-News article.

More articles on healthcare finance:

2 hospitals to close in Ohio, West Virginia
Mayo Clinic wins $11.5M tax fight
Texas hospital abruptly closes

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers