D.C.’s Attorney General Peter Nickles foreclosed the property in June after the hospital’s owner, Specialty Hospitals of America, defaulted on its debt, which totals more than $55 million, according to the report.
The city took immediate possession of the hospital on Friday following the auction and named five acting board members. The hospital ownership deal marks the first time the city has owned a hospital in nearly a decade, after the closing of D.C. General in 2001 following financial troubles.
Some D.C. residents have criticized the move, saying the city faces too much financial risk by taking control of the former Greater Southeast Community Hospital, the only hospital serving the southeast area of the district, according to the report.
Read the Washington Post report on United Medical Center.
Read other Becker’s coverage on United Medical Center.
Washington, D.C. Hospital Scheduled for Auction Following Foreclosure
Owner of Troubled Washington, D.C. Hospital Fights City’s Takeover Request
Washington D.C. Asks Court to Seize Ailing Hospital
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