The Attorney General foreclosed the property, which is owned by Specialty Hospitals of America, after it defaulted on a loan agreement with the city.
Unless an agreement is made between the city and Specialty Hospitals before next week, the auction will take place. No bidders are expected, according to the report, which led the council to create a non profit entity that could take over the “de facto safety-net hospital,” 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
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
