The hospital has been renamed Cornerstone Medical Center.
A spokeswoman for ApolloMD wrote Wednesday evening in an email that the company “is excited that the final steps in the purchase of Cornerstone Medical Center (formerly Hutcheson Medical Center) are near completion. We will being transferring patients and hospital administrative policies and records [May 12],” according to the report.
Hutcheson filed for bankruptcy in November 2014. At the time, it had $30 million in assets and $80 million in liabilities, according to the report.
In June 2015, ApolloMD began staffing Hutcheson’s emergency room with its physicians. In December, the company offered to purchase Hutcheson for $4.2 million in cash. By that point, the financially ailing hospital had been closed for about two weeks, and bankruptcy lawyers had been assessing offers from potential buyers, according to the report.
A bankruptcy judge approved the sale of Hutcheson to ApolloMD in December and the deal officially closed this week. As of May 12, Hutcheson is no longer a public hospital.
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