The hospital is telling employees it doesn’t intend to close, despite warning state officials earlier this month that it may shut down or lay off a significant number of its 690 employees as early as Jan. 3 if it can’t restructure or sell.
Meetings will be held this week with other hospitals to discuss partnerships, financial help or an acquisition, according to a board member cited in the report. A decision may be reached within the next 10 days.
Sixty percent of the hospital is owned by 42 doctors, while Flint, Mich.-based McLaren Health Care owns 35 percent. The hospital is officially licensed for 351 beds, but is currently operating under a plan and staffing for 100 beds.
Read the Detroit News report on the physician-owned Doctor’s Hospital of Michigan.
Read more about physician-owned hospitals:
–Drive to Repeal Health Reform Raises Hopes to End Ban on Physician-Owned Hospitals
–Physician-Owned Hospital in Indiana Sued by Former Owners for Conspiring to Defraud
–Wall Street Journal: Trend of Hospital-Employed Physicians Causing Concerns About Market Leverage
